09-16-26 spal
| Fearnleys - shipping specialists |
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09-16-26 spal
Chris Shipping 🚢🚢
@christankerfund
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2m
Fearnleys today on Suezmax:
Rates, whilst astronomical, did not price in the huge demand upside this market had & still has amidst a dearth of VLCCs. VLCC availability for Brazil up to end October could be as low as 4-5 ships including projections and with USG/West Africa markets drawing down on the same pool that leaves colossal volumes for Suezmaxes
$TNK
$NAT
$ECO
$FRO
$TEN |
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09-16-26 spal
FRO
FRONTLINE PLC
53.89 (+4.46%)
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09-16-26 spal
| https://x.com/christankerfund/status/2100222475594498318?s=20 |
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09-16-26 spal
| If you have tankers you don't give two shits about the Warsh'es of this world. |
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09-16-26 spal
TRMD
TORM PLC A
36.42 (+4.27%)
Hafnia took down 4.5 million of the 9 million secondary yesterday.
Likely makes a full offer at some point. Very fluid, bullish.
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09-16-26 spal
BHRpD
BRAEMAR HOTELS & RES 8.25% PFD Callable
Adding c. $17 - $17.15 |
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09-16-26 spal
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09-16-26 spal
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09-16-26 spal
| Apparently Japan is the very inexpensive these day - one of my sons is sending updates from Osaka at the moment. Cheap to eat out. My sister and entire family flys from Australia to Japan for ski vacations - a lot less expensive than going to local ski fields in her own country - all in including accomodation. |
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09-16-26 panasonic
Carib, very similar to Malaga my guess.
I can have nice lunch with 12~15€, the equivalent in Miami 35~40$ |
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09-16-26 carib
| Panas: prices are no longer as cheap as they were, but still cheap compared to Miami.Minimum salary still about 1.000 $ a month.Average salary about 1.600 $. |
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09-16-26 spal
Today is cheaper to put 160 barrels in a 40ft container and ship it to China than to hire a VLCC in a $ per barrel basis.
Whoops |
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09-16-26 spal
Surah Al-Fil (Quran 105) recounts the “People of the Elephant”: around 570 CE, Abraha, an Aksumite ruler based in Yemen, marched on Mecca with an army that included war elephants, intending to destroy the Kaaba.
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09-16-26 spal
Visegrád 24
@visegrad24
Saudi Arabia just shot down a Houthi drone as it was about to enter the Mecca region.
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09-16-26 spal
Anthropic reveals the Houthis used Claude to vibecode guided-missile software.
Cool |
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09-16-26 spal
JUST IN: Co-inventor of ChatGPT launches new AI startup which claims to be up to 200x faster, plans to forever charge $0 for output tokens.
Whoops. LMAO
Buy tankers
;)) |
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09-16-26 spal
After Iran, Yemen’s Houthis have reportedly laid naval mines across the Bab al-Mandab Strait, a Yemeni military source told German news agency DPA — putting a major oil artery carrying roughly 5.4 million barrels of crude and condensate a day at risk.
The Houthis already control key positions around Bab al-Mandab, including Perim Island at its center. Mines could now turn the water itself into a threat for tankers and warships.
Hormuz is also still mined by Iran, putting two critical energy chokepoints under simultaneous maritime threat.
The world’s oil arteries are being turned into minefields. |
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09-16-26 spal
| https://x.com/Toronto242M/status/2100012164186595357?s=20 |
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09-16-26 spal
The world isn't short oil. It's short the ability to move and process it.
More drilling adds supply. It doesn't add tankers, refinery capacity or pipelines.
You don't solve a logistics probleme by producing more of what you can't move.
The market knows this: September 2027 WTI is only $74. |
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09-15-26 panasonic
Carib, yep I was under suspicion that things can be worked out there.
Besides housing, prices are still reasonable? |
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09-15-26 victor
it was 7-2.. meaning the 3 appointed by dt voted against dt.
//
The court appeared to be divided 7-2, with two conservative justices, Clarence Thomas and Samuel Alito, dissenting. |
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09-15-26 victor
better said: dt pissed her off.
"Justice Amy Coney Barrett couldn't even hide her total contempt for Trump for 2 seconds"
https://x.com/EndWokeness/status/1897357014457835827
Mar 5, 2025 |
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09-15-26 victor
the smartest guy in the world outfoxed by amy coney b, etc
:-))
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Republicans just got another bad decision from the United States Supreme Court, one that the Court System took forever to give, and then blamed it, in part, on no time left to implement a solution to our totally CORRUPT and out of control Mail-In voting “disaster,” which is a laughing stock all over the World, and where we are the only country that has to endure such a Nation Destroying SCAM. Justices Alito and Thomas, legends both, strongly disagreed with this horrible, highly political, ruling. It is a big loss for Republicans, and America itself, and makes cheating by the Radical Left “Dumocrats,” on Mail-In Ballots, a much easier thing to do - And now they have an open field to do so! The Supreme Court has really let our Country down! Certain Justices are petrified of these crazed and depraved Democrats, and are totally unable to show the courage necessary to save our America. Their horrible decision on Tariffs will be costing the U.S.A., for many years to come, Trillions and Trillions of Dollars. They didn’t even state, “money paid does not have to be paid back,” much to the benefit of entities that truly hate our Country, and have been RIPPING IT OFF FOR YEARS, unnecessarily costing us, immediately, Billions of Dollars. Likewise, the Supreme Court’s Decision on Birthright Citizenship is a complete and total disaster for America, and has already led to massive corruption with respect to “citizenship” in our Country. The damage done to America is incalculable, and they know this, just as everyone else does - It is an irreparable and unrecoverable harm! The Court’s inability and unwillingness to do the right thing for our Country will go down, in a very negative way, in the annals of History. This Supreme Court is bullied and cajoled by the Radical Left into making decisions that have set America back at least a hundred years. These are not the people I interviewed to serve on the United States Supreme Court, they are merely a shell of their original selves, a Court that is costing the United States Trillions of Dollars with shockingly bad rulings that are of such magnitude that it won’t be easily possible for our Country to recover or heal. It is a Court that will go down as having rendered some of the most destructive, hurtful, and damaging decisions in our Country’s history. It is not easy for me to write this criticism of the United States Supreme Court - it will likely cost me dearly for years to come - but I feel it my obligation and duty, as President, to do so for the America we love! Thank you for your attention to this very important matter. God bless the U.S.A. President DONALD J. TRUMP
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09-15-26 victor
:-))
Trump slams the Supreme Court for rejecting his push to restrict mail ballots
WASHINGTON (AP) — President Donald Trump on Tuesday went after the Supreme Court after it rejected his push to restrict mail-in voting in this year’s midterms, saying justices who opposed him were “not the people I interviewed.”
His social media missive was just the latest in a long history of Trump assailing justices, particularly those he had nominated, who ruled against him on his administration’s most prominent initiatives. The president has been publicly furious with the Supreme Court over its decisions against restricting birthright citizenship and his ability to issue tariffs unilaterally.
On mail-in voting, the Trump administration had made a last-minute push to have the U.S. Postal Service play a central role in deciding who would be able to receive a ballot. But state election officials argued there was not enough time to make the changes for the Nov. 3 midterm elections — and said their systems were already secure and accurate.
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09-15-26 spal
high-yield dividend cash cannons
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I like the sound of these ... |
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09-15-26 spal
Phase 4: The Acute Disruption / Blow-Off Peak (Late 2026 – Current)
Characteristics: Physical market capacity breaks. Spot fixtures detonate past historic levels into $100,000 to $300,000+/day territory across Suezmax and VLCC segments. Corporate leaders issue auditable disclosures (e.g., Herbjørn Hansson's NAT press release) showing daily cash generation at 10x to 20x vessel operating costs.
Equities: Re-rating from asset-backed cyclicals to high-yield dividend cash cannons. Short-seller sweeps fail, and equity dips are immediately absorbed by institutional capital seeking physical freight exposure. |
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09-15-26 spal
Tanker market:
We are currently moving through the early transition phase from Phase 3 (Structural Super-Cycle) into Phase 4 (Extreme Disruption Blow-Off). |
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09-15-26 victor
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09-15-26 carib
Panas: Portugal likes very cumbersome procedures (the theory) but then in practice (as the brasileiros say).. the theory is a different one.
Capital gain tax on RE is 28%.. or the top tax rate on 50% of the gain, which means about 26%. But, if you "take residence" (including tax residence) in the asset you plan to sell, one year before sale, you can postpone the tax payment up to three years, and avoid the tax if you re-invest the proceeds in the purchase of another property (anywhere in the EU) where you take residence. In practice, if you are not portuguese, sell the property, postpone the tax payment, stop filing for income tax, and move to Dubai, I suppose nothing happens, because the tax bureaucrat has no idea where to find you, so either he just does nothing, or eventually classifies the duty as "incobravel".
If you are old, you can avoid the tax by investing half in a new property, and the rest in a life insurance policy. |
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09-15-26 savo
They are the ultimate central banker fuckers .
extraordinary! |
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09-15-26 spal
FRO
FRONTLINE PLC
52.72 (+4.37%)
All tankers up - tankers are the new tech for an inflationary, volatile age ... you can not print them. They are the ultimate central banker fuckers ...
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09-15-26 spal
TRMD - Brookfield (who took over the legendary Howard Mark's holdings via Oaktree) sold the rest of these holdings today onto the market as a secondary. (Marks swooped in during covid).
The secondary offering of 9,000,000 Class A common shares of TORM plc (NASDAQ: TRMD) by selling shareholder OCM Njord Holdings (Oaktree Capital Management) was priced at $32.25 per share
There is a Greenshoe Option: The underwriter (J.P. Morgan) holds a 30-day option to purchase up to an additional 1,350,000 shares.
Normally arbs will be able to hold the stock close to the secondary price.
Not today. It is $2 higher currently. The most shrewd anaylst I follow in this area is also buying.
The Tanker market remains in historic territory. |
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09-15-26 spal
The direction is unquestionably upwards for NAT.
This statement from the founder on a press release 10 minutes ago. |
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09-15-26 spal
Nordic American Tankers Ltd (NYSE: NAT) – Exceptional conditions for our vessels
08:13 AM CDT, September 15, 2026Updated 14 minutes ago, September 15, 2026 at 8:13 AM CDT
NAT
+0.39%
Tuesday, September 15, 2026
Dear Shareholders and Investors,
We are currently experiencing a market for our vessels that is extraordinary.
Below is a snapshot of some recent spot fixtures for our ships – the numbers are approximate.
Our operating costs per ship are less than $10,000 per day. The difference between the rates below and the operating costs is cash accumulation in NAT:
Fixture to Oil Major for a 31-day voyage, producing a rate of about $183,000 per day.
Fixture to Oil Trader for a 60-day voyage, giving a rate of about $200,000 per day.
Voyage to Oil Trader for a 80-day voyage. The rate is about $98,000 per day.
To Oil Major for a 65-day voyage. The Time Charter Equivalent (TCE) is about $70,000 per day.
Spot fixture to Oil Major for a 19-day voyage. The TCE is about $88,000 per day.
To Oil Major for a 77-day voyage. The TCE is USD 61,000 per day.
Spot fixture to Oil trader for a 64-day voyage. The TCE is about $60,000 per day.
NAT vessel to Oil Major for a 53-day voyage. The TCE is about $60,000 per day.
By nature, spot contracts are volatile, which is why we see short term variations.
The direction is unquestionably upwards for NAT.
For further information on Nordic American Tankers. Please see our web page www.nat.bm
Sincerely,
Herbjorn Hansson
Founder, Chairman & CEO
Nordic American Tankers Ltd. www.nat.bm
Contacts:
Bjørn Giæver, CFO
Nordic American Tankers Ltd
Tel: +1 888 755 8391
Alexander Kihle, Finance Manager
Nordic American Tankers Ltd
Tel: +47 91 724 171
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09-15-26 panasonic
| Carib, talking is over imho, now he pleads guilty, meaning deal worked for all parts. |
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09-15-26 panasonic
| Carib, good news as profits in RE are in porno territory. |
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09-15-26 carib
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09-15-26 carib
Panas: if the buyer takes residence, and declares the property "primary residence", capital gain on resale is exempt if used to buy another property within the EU in the next two years, or used to capitalise life insurance policy (after a certain age).
If buyer is foreigner, sells and leaves EU for good, I guess in practice nothing happens. |
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09-15-26 panasonic
"Panas are you advising ..."
Saab's story has some interesting aspects; he is kept in Cabo Verde for months, taken to USA with a pre-arranged deal.
Later exchanged for a number of prisoners in Veni (Fat Leonard included).
He stays near Maduro till he is taken out, and few days later after Maduro was extracted Saab shipped back to US authorities...was all part of the initial deal? |
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09-15-26 panasonic
| Carib, local...property bought in Portugal. |
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09-15-26 carib
| Panas: local or international RE? |
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09-15-26 victor
leo, license 52c was posted. nothing related to bonds.
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@grok y sobre el pago de deudas anteriores de PDVSA?
@grok
La Licencia General 52C de OFAC no autoriza transacciones relacionadas con bonos o deudas de PDVSA y sus subsidiarias, incluyendo el pago o liquidaciĂłn de deudas anteriores. Esas operaciones siguen prohibidas bajo las Ă“rdenes Ejecutivas 13808 y otras. |
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09-15-26 leopardo
| Nothing really new Victor...Centerview link to Vnz debt restructuring still not working, probably the content of the link will be updated and substantially change someway... |
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09-15-26 victor
carib, OFAC updating sanctions on PDVsa/CITGO, today.
details?? |
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09-15-26 spal
Schpal is it not time to sell the tankers ??
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Pilly - my strong suit is timing entry - for selling I generally just trail stops.
I think tightness will continue and some extraordinary results will be reported, but you are right that this is cyclical and a more fragile investment at these levels. |
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09-15-26 spal
Saab to plead guilty, best way to get reduced sentence and fast pass to house arrest.
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Panas are you advising ...
;)) |
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