Anyone catch the blurb about speculation Suezmax class ships may come into high demand? It sems counter-intuitive with all the talk of supply-demand, but stranger things have happened.
what is the source? Platou has suez down pretty hard last week....TNK website shows down too but not as much...I think their chart may be a week behind....
No, but I think the shorties that wrote the post about going down to $2.25 seem to be getting nervous.
There's a couple of things going on. One is that in abot a week, we will know the dividend. My guess is .04, but of course I'd like to see it higher.
The other is for all this talk of doom and gloom and overbuilding, the market can surprise sharply to the upside. You have to wonder why companies like Shell or BP are placing orders for ships.