Ed Finley–Richardson
@ed_fin
More shipping → http://edfin.substack.com
CRUDE TANKER SUPPLY (updated) ED'S DEEP DIVE 🧵 VLCC = Very Large Crude Carrier 200,000+ dwt Suezmax 120,000-199,999 dwt Aframax 78,000-119,999 dwt Panamax 60,000-77,999 dwt $DHT $FRO $ECO $INSW $NAT $SFL $TNK $TNP $NMM $EURN
Just when you thought Dumpster Fire Drilling™ couldn’t get any worse, there is always one more little nasty surprise around the corner. 💀 $DDRIL.OL
Update
“Iron ore prices surged to their highest levels in nearly five months after China announced construction on a mega‑dam in Tibet, a project expected to require 3-4 times more steel than the country’s 22,000-megawatt Three Gorges Dam.” Capes are loving it.
My birthday is coming up, and I need to find a way to subtly communicate to my wife that I want this
Correct answer: 7% ✓
🇮🇳 India’s Nayara Energy has been sanctioned by the EU. Quiz: What % of Vadinar’s product exports went to Europe in 2025?
“Iron ore prices surged to their highest levels in nearly five months after China announced construction on a mega‑dam in Tibet, a project expected to require 3-4 times more steel than the country’s 22,000-megawatt Three Gorges Dam.” Capes are loving it.
In January 2025, Korean HMM sold two 2008-built MR2’s — “Oriental Diamond” & “Oriental Gold” — for $41m. One outlet characterized the offer as a ‘low-ball’. The same tankers are now reported sold again by Xclusiv for $31m en bloc, i.e. 24% lower, 6 months later. ✍️🏻
The plot thickens 🧐
U.S. Treasury Secretary: The next round of talks with Beijing may include China's purchases of Russian and Iranian oil
🇫🇷 “France increased electricity exports by +48% to 103 TWh in 2024. Exports to Belgium and Germany increased the most. Nuclear power is France’s leading source of electricity, accounting for ~65% of total electricity production in 2024.” Pas mal. 🥰
