“Books Will Be Written” About This Shipping Market | Ed Finley-Richardson of Misadventures in Shipping on War-Induced Oil Tanker Mayhem, Squeeze for Asiabound Refined Products, and Persian Gulf “Feeding Frenzy” Scenario – Monetary Matters with Jack Farley
“Books Will Be Written” About This Shipping Market | Ed Finley-Richardson of Misadventures in Shipping on War-Induced Oil Tanker Mayhem, Squeeze for Asiabound Refined Products, and Persian Gulf “Feeding Frenzy” Scenario
Bullish and bearish opinions expressed in this episode, paired with supporting transcript quotes. The quote confirms what was said—not whether the opinion is correct.
Bullish
$FRO— Frontline is positioned to benefit from the VLCC market dynamics with Sinocore cornering the market and potential normalization of Middle East shipping.
$DHT— DHT Holdings is a high-quality VLCC pure play with excellent governance that will benefit from the Sinocore market dynamics and pay out 100% of net earnings.
$INSW— International Seaways has 70% of its MR fleet positioned in the Western Hemisphere to capture the extremely profitable US Gulf to Asia refined product trade.
$TNK— Teekay Tankers owns medium-sized crude tankers that are benefiting from replacement barrels coming from the West instead of the Middle East.
$TRMD— TORM has 70% of its MR fleet positioned in the Western Hemisphere and is best-in-class for product tankers with strong commercial performance.
$ECO— Okeanis EcoTankers consistently outperforms other tanker owners and has beaten Frontline's earnings for 16 consecutive quarters.