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Non-Tech : Shipping - Oil & Gas Tankers, Dry cargo, LNG

GLNG 37.27

-0.1%

3:59 PM EST

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toccodolce

From: The Barracuda™	11/25/2023 9:30:29 AM
	1 Recommendation of 2670

This is boosting TRMD "Trade flows have clearly changed since the war between Russia and Ukraine started. The EU ban of Russian diesel has certainly changed flows and added ton miles. The same amount of volume has to move further." "The other thing about the clean forward market is that it has largely been backwardated, along with all freight. Which means that you get a premium up front. But there has been this assumption that the markets are going to come off, eventually… which in fact hasn’t really happened. The markets have remained firm for about 18 months now, or more than that."

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