$STNG Tanker Rates Hit The Highest Ever in Oct. & Stayed High
Tanker Rates Hit The Highest Level Ever In October, and Are Far Above Profitable Now.
Expert Analysts Cleaves & Bimco Say Rates Could Spike to that Level Again Many Times in the Near Future.
The Legendary Investor Peter Linch of the Magellan Fund, Last Friday Went Bullish Shipping in a Barrons Interview.
That Brings a Lot of Attention to the Tanker Bottle Kneck that is Creating the Best Tanker Rates Ever.
There Is a Tanker Ship Shortage and The Lowest On Order in Forever, Because Shippers Don't Want to Make a 25 Year Investment On a Ship
Without Clarity On IMO 2020, 2030, 2050 Fuel Regulations.
The Shipping Fuel Regulation Change (IMO 2020) Is Causing Up to 17 Days Delay In Fueling Tankers
Phase 1 US/China Trade Deal Requires China to Buy US Oil & Petroleum Products ~ Increasing Ton/Miles.
Its 2.4 times as far from US to Asia, as the Middle East to Asia
IMO 2020 Solution (Scrubber Retrofits) take 6.5 Weeks, taking more Ships off the market
Refinery Runs & Oil Production are Ramping Up, to Comply with IMO 2020
Need for US type Low Sulfer Oil Globally over Brent, for Its Ease to Refine into Low Sulpher IMO 2020 Fuel
Sanctions On Ships, that Use to Transport Iranian, Venezuelan, North Korean, & Cuban Ships, Have Knocked a Lot of Ships from Availability
Tanker Utilization Is at 95%
Expert Analysts Cleaves & Bimco Say Rates Could Spike to that Level Again Many Times in the Near Future.
The Legendary Investor Peter Linch of the Magellan Fund, Last Friday Went Bullish Shipping in a Barrons Interview.
That Brings a Lot of Attention to the Tanker Bottle Kneck that is Creating the Best Tanker Rates Ever.
There Is a Tanker Ship Shortage and The Lowest On Order in Forever, Because Shippers Don't Want to Make a 25 Year Investment On a Ship
Without Clarity On IMO 2020, 2030, 2050 Fuel Regulations.
The Shipping Fuel Regulation Change (IMO 2020) Is Causing Up to 17 Days Delay In Fueling Tankers
Phase 1 US/China Trade Deal Requires China to Buy US Oil & Petroleum Products ~ Increasing Ton/Miles.
Its 2.4 times as far from US to Asia, as the Middle East to Asia
IMO 2020 Solution (Scrubber Retrofits) take 6.5 Weeks, taking more Ships off the market
Refinery Runs & Oil Production are Ramping Up, to Comply with IMO 2020
Need for US type Low Sulfer Oil Globally over Brent, for Its Ease to Refine into Low Sulpher IMO 2020 Fuel
Sanctions On Ships, that Use to Transport Iranian, Venezuelan, North Korean, & Cuban Ships, Have Knocked a Lot of Ships from Availability
Tanker Utilization Is at 95%
Trade active:
VLCC Tankers Floating Storage, Is the Industries Solution to Getting Rid Of Previous Fuel Which Is Now Waste from the Bottom of the Oil Barrel (HSFO)
The Floating Oil Waste Storage, Is Expected To Be Stored In 23 VLCC's per Quarter.
That Adds Up, When Every Quarter 23 More VLCC's Each Quarter Will Not Be Able to Be Used for Transport. 23+23+23+23+23.. ...
The Floating Oil Waste Storage, Is Expected To Be Stored In 23 VLCC's per Quarter.
That Adds Up, When Every Quarter 23 More VLCC's Each Quarter Will Not Be Able to Be Used for Transport. 23+23+23+23+23.. ...