> VLCC tanker charter rates: $40K a day last year, $800K a day this year. Thanks Trumb!

The cost ‌of shipping oil in supertankers surged to fresh record highs this week, Bloomberg reported, following the biggest wave of attacks on Middle East shipping since the start of the U.S.-Iran war.

Earnings for Very Large Crude Carriers sailing on the benchmark Middle East-to-China route reportedly hit a record of nearly $800K/day, while the U.S. Gulf-to-Asia run has fetched offers at a record lump-sum fee of $29.5M, nearly $15/bbl without considering additional war risks or fees for unexpected delays.

https://seekingalpha.com/news/4642257-o … -shipping.



Long Frontline PLC and Oceanus Ecotankers.   With either company, if you’d bought the week Trump’s stupid war started, you’d already have a double bagger and in another couple quarters would collect more than your original purchase price in dividends.

Trump’s global enshytification leads to financial opportunity.  Always bet against orange!