WEBVTT

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Fuhrer, VLCC Non-Eco Non-Scrubber rates are back at $26,000

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Not a single route is spared

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TD3C dropped to low WS 50s

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TD22 is now at $8.7m

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and FFAs weakened considerably!

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Weren't OFAC sanctions supposed to be

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the nail in the coffin for the dark fleet?

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My Fuhrer..

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...the dark fleet...

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the dark fleet continues to trade...

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...and discharge cargoes

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Those who are short FRO, HUNT.OL and DHT get out now

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WHAT THE HELL IS GOING ON?!

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All the analysts said this was a game changer

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They said to go long crude and product tankers

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incremental demand here, incremental demand there

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China and India will replace

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Russian barrels with more buys

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from the AG and Atlantic...That $70k TCE was conservative for 2025....

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Someone even suggested $100k TCEs

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But my fuhrer spot rates were up for 2 weeks and momentum was there

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B******T!! We're back below $30k and HUNT.OL is hopeless

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HUNT.OL is a leveraged play on VLCC rates

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Yes and in January they'll burn

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another ton of cash...

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...like every month

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and now earnings season is approaching

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and we'll have another round of downgrades

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and my stonks will lose another 20%

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...and I'll have to read again how this is a...

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generational buying opportunity...

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that the supercycle is here

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I can't do this anymore...

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I might as well buy some LNG

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it would be the same

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Supercycle

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What am I supposed to do now?

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Sell everything at a loss?

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or double down and buy more "cheapies"?

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I'm already 400% levered on this trade

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20yrs old vessels were supposed to be all scrapped!

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Don't worry, I heard a 50yrs old coastal tanker has been scrapped today

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Where's the demand growth from China?

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Where's the scrapping?

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Where are the OPEC barrels?

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Trump will be bullish tankers they said..

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Don't you agree? If I hold my tankers long enough

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I will eventually be correct

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Buy more!