Fra et disksjonsforum i Uniten - Informative, indeed: ( Link for grafer på linken til poster on the board )

De som har kunnskap av å lese grafer, ville jeg sette pris på om kommanetarer kan gis -:)

Ole Hansen crude charts

https://www.investorvillage.com/groups.asp?mb=19168&mn=281747&pt=msg&mid=20918322

P.S.
Ser med glede på at fortjenesten min, dvs. Bankens penger jeg satte inn i Norwegian Cruise Line Holding igjen,
når ned igjen på min smerte grense ( $ 14 ), går bra opp igjen; PT $ 18,440.
Som jeg sa åpent til alle her, jeg kjøpte sist til $ 14 og solgte på $ 26 ....

NO WAY will creditorer eller Bond Holders blir REDERE, særlig ikke i Cruise virksomhet.
Slike skip kan man nesten sammenligne med et US Hangarskip, som hver især er som små byer og dets infrastruktur.
6500 Personell pr. skip.

NCLH har allerede sikret seg nok Milliarder ( US, Billions ) for ikke å feile på lån ....

A no brainer IMO Join the Circus

At least seven ships are burning near Iranian port city

At least seven ships are burning near the Iranian port city of Bushehr, writes Reuters on Wednesday, referring to local media reports.
The news agency points out that there have been several explosions and fires around Iranian military and industrial facilities since the end of June.

OPPDATERT INFO OPEC, etc-
OPEC+ works on modest easing of oil cuts: source

"A key ministerial panel of OPEC and its allies, including Russia will discuss easing oil cuts on
Wednesday but the relaxation will be smaller than expected thanks to compensation by countries
which overproduced in previous months.

An OPEC+ source familiar with the discussion said and OPEC+ materials seen by Reuters
showed the cuts will ease from the current 9.7 million barrels per day to around 8.54 million
bpd in August and September."

https://www.reuters.com/article/us-oil-opec-talks/opec-works-on-modest-easing-of-oil-cuts-source-idUSKCN24G1NZ?rpc=401&;

Saken oppdateres.

Onsdag møttes det utvidede oljekartellet kjent som Opec+ i Wien, Østerrike for å diskutere veien videre for verdens største oljenasjoner.
Ifølge Bloomberg støtter Saudi-Arabia og Russland nedtrapping av kuttene fra og med august.
I mai vedtok kartellet et produksjonskutt på tvers av landene på 9,7 millioner fat olje per dag, og den opprinnelige planen har vært å redusere kuttene fra nåværende nivå til 7,7 millioner fat per dag.

Siden det dramatiske oljeprisfallet i april, der ett fat nordsjøolje på det laveste ble handlet under 20 dollar, har prisene mer enn doblet seg. I skrivende stund handles brent spot til over 43 dollar fatet, det høyeste siden tidlig i mars.

Takk Underberg.

Må jo ha noe å gjøre, risikogruppen for Corona, tatt vaksine mot lungebetennelse.

Som pensjonert skipsmegler, som jeg alltid har sagt. En skipsmegler kan litt om Alt,
Men, ikke, Alt om litt. Stor horisont på de 7 hav og man plukker jo opp mye etter 40+
år i shipping.

MERK I DAG, APPLE ( selv om de fleste har lest i DN

Kan bli en short squezze, som i Tesla, Apple VANT SAKEN og mÅ
ikke betale

Apple og Irland vant over Europakommisjonen i skattesak – slipper å betale 140 milliarder.

En EU-domstol har gitt Apple og Irland medhold i en anke over Europakommisjonens krav
om at Apple må betale flere milliarder mer i skatt til Irland.

Godt er det å se at Sosialistene, i hverfall i Irland, at Domstolene der, som motsatt her,

IKKE FØLGER STORTINGETS VILJE, som er et Grande problem med Norske Domstoler.

AP har fyllt opp alle Dept.'s i Norge med AP koryfeer, la oss alle bli kvitt, hele venstres siden
i Norsk politikk. Stortinget vår består av 90 % akademikere, som aldri har arbeidet i konkuransse
utsatt Privat virksomhet. Gjør et Dept feil, så står ingen til ansvar, og ansvaret PULVISERES, som
det heter på Jus Språket.

Det er Så lett å bruke penger, som er skap av andre ...

Håper ikke Adm. finner dette innlegget '' uansvarlig, og/eller ikke passende,
da er i så fall Grensen nådd for Ytterligsfrihet !

Talking about the Sun

Widow of Bangladeshi Shipbreaker Free to Sue UK Company, Court Rules

By Naimul Karim DHAKA, July 14 (Thomson Reuters Foundation) – A Bangladeshi woman whose husband died while dismantling an oil tanker at a ship-breaking yard in 2018 can file a negligence claim against a British company involved in the vessel’s sale, London’s High Court ruled this week.

Khalil Mollah, 32, fell to his death while working on a tanker called the EKTA in the port city of Chattogram in southeastern Bangladesh, where scores of end-of-life ships are sent to be scrapped each year.

British lawyers representing his widow, Hamida Begum, took her case to court in April 2019, arguing that Maran (UK) Ltd was responsible for the ship ending up in Bangladesh, where working conditions in ship-breaking yards were known to be dangerous.
Maran was not immediately available to comment on Monday’s High Court judgment, which said Begum had “a real prospect of succeeding in relation to her claim in negligence.”

“The proximate cause of the accident was the deceased’s fall from a height, but on a broader, purposive approach the accident resulted from a chain of events which led to the vessel being grounded at Chattogram,” the court’s judgment read.

The ruling denied an application filed by Maran earlier this year to have Begum’s claim struck out.

The EKTA, which was formerly called the Maran Centaurus, had been owned and managed by companies belonging to the Angelicoussis Shipping Group, which included Maran (UK) Limited, according to details from the judgment.

Rather than deal directly with ship-breakers it has been standard practice for decades for ship-owners to act through brokers or intermediaries, the ruling said.

The Maran Centaurus was sold for demolition in an August 2017 deal worth more than $16 million.

Bangladesh is one of the most popular destinations for breaking end-of-life ships with at least 230 ships out of about 670 broken on its beaches last year, according to NGO Shipbreaking Platform.

Thousands of Bangladeshis depend on the sector for survival, but rights groups have been sounding the alarm about hazardous working conditions in the industry for years.

At least 24 ship-breaking workers were killed last year and another 34 were seriously injured at the scrap yards, the highest toll in almost a decade, according to Bangladeshi non-profit Young Power in Social Action.

Most companies sell ships to scrap dealers, better known as cash buyers, who pay the highest price for ships and are closely linked to beach yards where unsafe working practices are common, Shipbreaking Platform said in a recent report.

Oliver Holland, a partner at the Leigh Day law firm representing Begum, said that trend could change if Maran (UK) is made to accept that it owed Begum’s husband a duty of care.

“Maybe that will go some way to making UK shipping companies think twice about accepting greater financial reward for their end-of-life vessels at the cost of the environment and the lives of South Asian workers,” he said. (Reporting by Naimul Karim @Naimonthefield; Editing by Helen Popper. Please credit the Thomson Reuters Foundation, the charitable arm of Thomson Reuters, that covers the lives of people around the world who struggle to live freely or fairly. Visit http://news.trust.org)

(c) Copyright Thomson Reuters 2020.

U.S. Says Room for Sanctions in Response to China in South China Sea

GottaLove it, let the Games begin. We, in the west, should not give a damn
about these Asians Loosing Face, who cares.All they understand, is the
POWER GAME, and the sooner the west Act, the better IMO.

The little shit in North Korea, were 98 % of the population staves to death anyway;
he Knows, his country will be obliterated to the Largest Parking lot in the World .. IF he ....

even try; and he's more concerned with himself, dosn't even like to fly ....
U.S. Says Room for Sanctions in Response to China in South China Sea.
July 14, 2020 by Reuters


An aerial photo taken through a glass window of a Philippine military plane shows China’s alleged land reclamation on mischief reef in the Spratly Islands in the South China Sea, west of Palawan, Philippines, in this May 11, 2015 file photo. REUTERS/Ritchie B. Tongo/Pool/Files
reuters logo
By Humeyra Pamuk and David Brunnstrom WASHINGTON, July 14 (Reuters) – The top U.S. diplomat for East Asia warned on Tuesday that Washington could respond with sanctions against Chinese officials and enterprises involved in coercion in the South China Sea after the United States announced a tougher stance to Beijing’s claims there.

“Nothing is off the table … there is room for that. This is a language the Chinese understand – demonstrative and tangible action,” David Stilwell, the assistant secretary of state for East Asia, told a Washington think tank when asked if sanctions were a possible U.S. response to Chinese actions.



Stilwell spoke a day after Washington rejected China’s claims to offshore resources in most of the South China Sea as “completely unlawful,” a stance denounced by Beijing.

Washington has long opposed China’s expansive territorial claims in the South China Sea and has sent warships regularly through the strategic waterway, through which about $3 trillion of trade passes each year, to demonstrate freedom of navigation.

But Monday’s announcement was the first time it declared Chinese claims illegal.

China claims 90% of the potentially energy-rich sea, but Brunei, Malaysia, the Philippines, Taiwan and Vietnam also claim parts of it. Beijing has built bases atop atolls in the region but says its intentions are peaceful.

Greg Poling, a South China Sea expert at Washington’s Center for Strategic and International Studies said declaring Chinese claims illegal opened the way for a tougher U.S. response, such as through sanctions, and could also lead to more U.S. naval presence operations.

Chinese foreign ministry spokesman Zhao Lijian condemned the U.S. move, saying it “destroys regional peace and stability and is an irresponsible act.”

The U.S.-China relationship has grown increasingly tense recently over various issues, including China’s handling of the novel coronavirus and its tightened grip on Hong Kong.

Stilwell said the tougher U.S. position meant “we are no longer going to say we are neutral on these maritime issues.”

“When a (Chinese) drilling rig plants itself in Vietnamese or Malaysian waters, we’re going to be able to make a positive statement,” he said.

Stilwell had a particular warning over the Scarborough Shoal, an strategic outcrop 200 km (124 miles) from the Philippines claimed by Beijing and Manila that China seized in 2012.

“Any move by (China) to physically occupy, reclaim or militarize Scarborough Shoal would be a dangerous move … and would have lasting and severe consequences for (China’s)relationship with the United States, as well as the entire region,” he said. (Reporting by Humeyra Pamuk and David Brunnstrom; editing by Jonathan Oatis and Sandra Maler)

(c) Copyright Thomson Reuters 2020.

https://gcaptain.com/u-s-says-room-for-sanctions-in-response-to-china-in-south-china-sea/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+Gcaptain+%28gCaptain.com%29&goal=0_f50174ef03-68d79e6be4-170161717&mc_cid=68d79e6be4&mc_eid=1d917b53fa

Let the SHOW begin LOL

China vows retaliation after Trump ends preferential status for Hong Kong

https://uk.reuters.com/article/uk-hongkong-security-trump/china-vows-retaliation-after-trump-ends-preferential-status-for-hong-kong-idUKKCN24F2N2?feedType=nl&feedName=ukmorningdigest&utm_source=Sailthru&utm_medium=email&utm_campaign=2018%20Template:%20UK%20MORNING%20DIGEST%202020-07-15&utm_term=NEW:%20UK%20Morning%20Digest

Ikke annet enn at Jedah er 4 timer foran oss, men gud vet hvor de alle sitter
på video konferanse.

Skal søke litt rundt og finner jeg noe, så skriver jeg pronto

Markedet venter på Opec-beskjed og lagertall.
Noen som vet når klokken møte finner sted ?

OPEC sees bullish oil market recovery ahead as it readies to ease output cuts

https://www.spglobal.com/platts/en/market-insights/latest-news/oil/071420-opec-sees-bullish-oil-market-recovery-ahead-as-it-readies-to-ease-output-cuts?mkt_tok=eyjpijoitlrnnvluuxhoemsytlrnncisinqioij5tfvqvvr4thrjn2voy3bwr0cwctcyqmxnannku1wvzxpimw9trg43wnhzzuu1b2lbedbpu3bjdnixtheyturhdee0d3ffy3ewdwzfnle0dwrusdq1m20wmdhuu1jycef0tvvotxhmoxn3kzk5au40zhvouw1rd0xuujn4rkhiataifq%3d%3d

Absolutt noe som kan oppstå, synes at konflikten eller handelskrigen mellom Kina og USA ikke er i nærheten av noen løsning. Gode innlegg du deler Flipper.

Noen spurte forleden om ikke restriksjoner på COSCO m/selskaper var hevet.

Så litt etter i dag, og det stemmer,

Tidligere oljeoverføringer fra Iran og Kina har blitt møtt med amerikansk motstand, særlig i fjor høst da
datterselskapene til Cosco Shipping Energy Transportation ble svartelistet over påståtte avtaler med Iran.

Sanksjonene sendte befraktere på flukt fra alle Cosco-tilkoblede skip, inkludert dens 26 VLCC-er.

*** Selskapene ble fjernet fra svartelisten i januar, og USA har blitt mer målt i sin tilnærming til å
sanksjonere rederier.***

MEN, nå er jo Trump desperat, han tenker jo KUN på gjenvalg. Stemningen mellom USA og
Kina er vel nå på sitt laveste nivå på årtier, ikke minst gårsdagen hvor Trump og
Utenriksministeren SLO FAST ganske solid. HELE Søkinahavet, med øyer og mineraler, er
IKKE KINESISK !

Kombiner dette med de nåværende samtaler mellom Iran og Kina, hvor Kina skal
få billig olje mot bygging av infrastruktur, ja så mye at jeg tenkte med en gang, dette
kan jo nesten dreie seg om Marshall hjelpen fra USA til gjenoppbygging av Europa.

Jemen, terror Banken som Trump kaller støtte til ekstremistornisasjoner, Hamas, IS
etc.

Setter man sammen alt dette, vil helt sikkert gjeninnføring av Kinesiske skip bli sanksjonert
igjen ! Legg til fartøy som blir eksludert dersom trader med Venezuela.

Det er sagt av NØYTRALE instanser som følger Kina tett, at Kina vil overgå USA's forsvarsevne;
om kun 10 år. Sies også at USA ikke har råd til å fornye bla. krigsflåten sin, men det tar jeg med
en STOR KLYPE SALT. Er det noe USA KAN, som vi så i WWII, når Amerikanerne setter i gang
for full masking, er det ingen på kloden som kan konkurrere og at penger ikke vil være noe
problem efter min mening.

Derfor, igjen min mening Må USA allerede nå sette i gang fornyelser av alt forsvarsmateriell.

Dersom Trump hører på sine rådgivere '' en gang '', så vil en slik insats resultere i en masse
godt betalte arbeidsplasser; som Trump vil tjene bra på i sin velgerskare.

Litt mere '' branner og ulykker '' i annlegg i Iran, kan jo sette i gang litt mer fyrverkeri, og preste-
skapet i Iran tenker kun på relgiløs ting; og gir pokker i egen befolkning, det så vi under Iran
Syria krigen, hvor Alatollane sendte BARN i Første linje for å løpe over minelagte områder, for
på den måten '' å rydde opp '' minefeltene.

Litt mer skrubbing i Sør Kina havet, med Japan, Korea, USA, Indonesia m/fler, kan det blusse
opp fyrvkeri der også.

Good, Bad, or the Ugly, take your pick - Kina har etter å ha støvsugt Afrika med eierskap og sine
slavearbeidere, nå satt sine øyne på Iran, igjen.

Potential Iran-China deal could include cheap oil - China-Iran deal envisions massive investments from Beijing
China and Iran have negotiated a deal that would see massive investments flow into Iran, oil flow out, and collaboration increase on defense and intelligence.

Why it matters: If the proposals become reality, Chinese cash, telecom infrastructure, railways and ports could offer new life to Iran’s sanctions-choked economy — or, critics fear, leave it inescapably beholden to Beijing.

The deal has not yet been finalized, but both sides acknowledge it’s in the works (though China has been more circumspect).
A leaked draft envisions Chinese-built "airports, high-speed railways and subways," as well as "free-trade zones" in regions of Iran, per the NYT. The deal extends to cyberspace — with China offering "greater control over what circulates" — as well as to defense.
The projects total an eye-watering $400 billion over 25 years.

Reality check: If that figure sounds implausibly high, that’s because it probably is.

“This sounds like a wishlist of all the projects that could conceivably be in play, rather than a realistic estimate of anything that China’s been able to do anywhere,” says Andrew Small of the German Marshall Fund’s Asia Program.
China is already “running into problems in innumerable locations trying to do project clusters on a much smaller scale than this,” Small says, referring to elements of China’s Belt and Road Initiative.

Between the lines: Both sides have clear incentives here: China locks in a cheap oil supply and deepens its strategic links in the Middle East, while Iran — which has virtually nowhere else to turn for foreign investment — gets economic benefits and a big flashing sign that it’s not as isolated as America claims.

But such a dramatic bet from Beijing would be a surprise. It's been dialing back on controversial Belt and Road mega-deals, has historically been careful to balance its relationships in the Middle East (including with Saudi Arabia), and may see uncomfortable parallels with Venezuela, which can't pump enough oil to cover its debts to China.

Meanwhile, while Iran does need Chinese cash, they've found recent reliance on China "a painful experience" and "they absolutely don’t want to have the economy so beholden to the Chinese over that kind of time frame," Small says.

The latest: Domestic critics are already sounding the alarm in Iran, with former President Mahmoud Ahmadinejad accusing the government of handing Iran's “purse to other countries without informing the nation."

Foreign Minister Javad Zarif defended the deal, while denying that Iran would offer discounted oil or sell Kish Island, as some critics had claimed.
What to watch: Even if only a fraction of what has been proposed comes to fruition, this a clear challenge to the Trump administration's "maximum pressure" campaign towards Iran, and another sign of America's geopolitical foes aligning.

Flashback: Tuesday marks the five-year anniversary of the Iran nuclear deal. While President Trump is nowhere near replacing it with a broader deal, a potential President Biden would also struggle to wind the clock back to 2015 and put a deal back together again.

LINK to Blogg

https://www.axios.com/china-iran-investment-deal-oil-infrastructure-c919646d-2ece-4ee5-bfd7-c8a16a7f53b0.html

FOX News - Iran’s nuclear facilities are mysteriously under attack.

https://www.foxnews.com/world/irans-nuclear-facilities-are-mysteriously-under-attack

OPEC launches its 2020 Annual Statistical Bulletin No 12/2020

Vienna, Austria
13 Jul 2020

The OPEC Secretariat today launched the 55th edition of one of its flagship publications, the Annual Statistical Bulletin (ASB), via videoconference and livestream on the OPEC website (www.opec.org).

https://www.opec.org/opec_web/en/press_room/6045.htm

Vi får håpe det beste Flipper, men synes det er lite fres i aksjen nå for tiden. Nå ser det ut som at handelsavtalen med Kina - USA fungerer dårlig og at det kan gå mot en eskalering av dette forholdet, det har vært stille lenge om USA sanksjoner mot rederier som var involverte i Venezuela konflikten også. Hadde ikke Kina rederiet fartøyer som var utesteng tidligere? (COSCO)
Dette er bare spekulasjoner men får vi se om vi ikke kan få litt mer interesse for aksjene som har med oljefrakt å gjøre, det viser seg ofte at spesielt sykliske aksjer som nettopp tankaksjer svinger mye.

Saudi's raise August oil prices to Asia

https://mobile.twitter.com/JavierBlas/status/1280042770204327937

Får folk trua ( Institusjoner / Fonds og hedge fundas ) så kommer det en

kolossal oppgang, snart.

Og olje transport behovet vil langt overstige hva verdensflåten kan løfte, selv når
alle Contango skip er losset, og det tar vel også en måned eller fler.

Ferskvare fra trykkeriet

Pfizer and BioNTech Granted FDA Fast Track Designation for Two Investigational mRNA-based Vaccine Candidates Against SARS-CoV-2
https://www.businesswire.com/news/home/20200713005168/en/Pfizer-BioNTech-Granted-FDA-Fast-Track-Designation

Tradewinds tidbit - Bra for LR2 - Behov for Contango Product / Clean tanker, pga. reduser behov og lave priser og rater for produtskip !

Oljetradere indikerer fornyet appetitt på produkttankskip for kortvarig flytende lagring, med lave charterrater og redusert etterspørsel etter mellomdestillater, ifølge bransjedata og kilder.

Kpler-data antydet at 51,9 millioner fat med rene petroleumsprodukter (CPP) ble flyttet til sjøs fra fredag, ned fra et høydepunkt på hele 79,7 millioner fat 16. mai, men ble utvunnet fra 45,9 millioner fat 3. juli.

Er da noe å ta med hjem dette, alle monner drar.

Liggedager stipulert i Round Voyage CP. Re TC ventedager befrakters regning ( demurrage rate, normalt lavere enn TC rate )

What Is Time Charter Equivalent (TCE)?

Time charter equivalent (TCE) is a shipping industry measure used to calculate the average daily revenue performance of a vessel. Time charter equivalent is calculated by taking voyage revenues, subtracting voyage expense, including canal, bunker and port costs, and then dividing the total by the round-trip voyage duration in days. It gives shipping companies a tool to measure period-to-period changes.

KEY TAKEAWAYS
Time charter equivalent (TCE) is a method for determining the net profit or loss of operating a vessel per day.
Voyage expenses are mainly fuel and the costs related to maintaining the crew onboard in terms of salary but also food and quarter.
Looking at TCE provides shipping companies a way to track period-by-period changes.
Understanding Time Charter Equivalent

The time charter equivalent is calculated as:
(Voyage Revenues - Voyage Expenses)
Round Trip Duration in Days
It can also be calculated on a per-day basis based on period, spot and weighted average.

TCE revenue is used as a measure of performance to track performance from period to another, but is a non-GAAP measure. Companies may still choose to report it in their financial statements as a footnote.

The TCE is used by cargo brokers in the shipping industry to present chartering opportunities to shipowners. Chartering opportunities differ widely in potential revenues and costs. The TCE is a way to describe these opportunities in a standardized way — essentially dollars per day — making comparisons easier for shipowners.

Why Per-Day Costs Matter
The single largest variable costs of a voyage are fuel and the cost related to crew upkeep, and this varies in direct relationship to the speed at which the voyage is performed. The speed of the laden part of the voyage is agreed with the charterer when the voyage charter is negotiated. The ship owner or, if there is one, the time charterer chooses the speed of the vessel for the ballast voyage (when the ship is empty of cargo) sailing the ship to a position where it can load a cargo for the voyage charter. In both cases the slower the ship, the lower the fuel cost as consumption will be lower and the faster the ship, then the higher the fuel consumption and therefore the cost.

The slower a ship sails, the longer the voyage (more days) but the less fuel it consumes. So the calculation of the TCE will be affected in two ways (as the Freight lump sum remains the same). The net freight will go up because of the savings made on the fuel but at the same time it will be divided by more days taking the TCE down. Therefore a ship should only go slower if the cost of fuel, saved by slower sailing, offsets the reduction of the TCE caused by the increase in the number of days the voyage lasted. Finally, if the fuel cost saving justifies slower sailing then the owner will look to the lost opportunity of the days that could have been spent on the next voyage compared with the improvement in TCE from slower steaming on the current voyage. This is a very important point but the decision must be taken at the start of a voyage.

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Related Terms
Revenue Per Available Seat Mile (RASM)
Revenue per available seat mile or RASM is a measurement used to compare the financial performance of airlines, based on revenue per available seat. more

The Baltic Dry Index Measures Changes in Transportation Costs
The Baltic Dry Index is a shipping index created by the Baltic Exchange that measures the changes in raw materials' transportation costs. more
Gross Domestic Product (GDP)
Gross domestic product (GDP) is the monetary value of all finished goods and services made within a country during a specific period. more
Income Statement
An income statement is one of the three major financial statements that reports a company's financial performance over a specific accounting period. more
Net Asset Value – NAV
Net Asset Value is the net value of an investment fund's assets less its liabilities, divided by the number of shares outstanding, and is used as a standard valuation measure. more
Understanding Return on Capital Employed
Return on Capital Employed (ROCE) is a financial ratio that measures a company's profitability and the efficiency with which its capital is employed. more

https://www.investopedia.com/terms/t/time-charter-equivalent-tce.asp

Vet ikke om jeg er helt enig med deg her, har jo vært lave kurser og rater siden nedturen startet i slutten av april, men vi får vel en oppdatering i slutten av august når Q2 legges frem. Da får vi antakelig en guiding for resten av året + det beste utbyttet vi kan forvente på lange tider egentlig. Men i morgen ny uke og nye muligheter så vi får tro det går veien .

Ratene ligger godt over «break even», spesielt for VLCC. Kanskje og samme for ULCC, Start på Q3 helt ok så lang.

Skal dem øke produksjonen fra august så vil det bli ende mer olje som må om bord tankskip, det vil vel holde de tankskipene som var ventet tilbake i markedet etter å ha ligget som lager får mer å gjøre. Får håpe bunnen var satt fredag 3.juli og rater+ aksjekurs skal opp og frem nå, det hadde passet bra

Wsj reports OPEC to relax cuts

OPEC and its allies are set to relax oil-output cuts amid signs demand is returning to pre-pandemic levels, people familiar with the matter said

http://t.co/j9kdbRbB4k

Oppgang i ratene denne uken, ikke så veldig mye men over break even ihvertfall.
Rates firmed this week across the board in this sector. In the Middle East Gulf, 280,000mt to USG via the Cape/Cape routing is assessed three points up at WS25, while rates for 270,000mt to China got the ‘Spinal Tap’ treatment and sit 11 points higher at WS46.5. A similar tale unfolded in the Atlantic region. Rates for 260,000mt West Africa to China also saw 11 points gained to WS47.5 and voyages of 270,000mt US Gulf to China increased $1.5m to sit at $6.8m now.

Tenk hvis vi kunne fått de to gamle damene til ADS i jobbe til 35+ nå i denne lavsesongen, det hadde smakt godt :-)

SAT, JUL 4, 2020
US Crude Exports to China Skyrocket
The US shipped a record volume of crude oil to China in May -- the highest volume of crude oil sent to a single country on record, data from the US Census Bureau shows.

Crude exports to China were just shy of 1.3 million barrels per day in May. That is more than three times the previous high for shipments to China posted in March 2018, according to the US Energy Information Administration.

However, the cargoes are unlikely to show up in China until late June through July given the time such a voyage takes.

Volumes sent to China accounted for 43.1% of total crude exports.

World’s Biggest Oil Importer Is Running Out Of Storage
In fact, China went out and snapped up cheap crude at such a breakneck place that they now have their own critical oil storage issue. International news has been reporting for weeks on China’s jam-packed waterways filling up with crude tankers. On July 1 CNN reported that “China bought so much foreign oil at dirt-cheap prices this spring that a massive traffic jam of tankers has formed at sea waiting to offload crude” as the country’s purchases begin to arrive. “China's so-called floating storage -- defined as barrels of oil on vessels waiting for seven days or longer -- has nearly quadrupled since the end of May, according to ClipperData. Not only is that the most on record going back to early 2015, it's up seven-fold from the monthly average during the first quarter of 2020.”
Oil tankers have to wait 15 to 20 days there before they are able to offload their cargos,” says Caixin. The amount of oil held in storage may peak later this month as the country’s demand for fuel continues its slow march to recovery, but if not, this could spell big trouble for China’s storage sector.

RV = round-voyage, dvs inntekt dersom inntekten deles på rundreise (dette for å kunne sammenligne styrken mellom slutninger)
Actual = estimat på hva inntekten faktisk betyr for rederiet for den aktuelle slutningen

Fra artikkelen du linket til:

“With crude availability in the Middle East limited under the ­ongoing Opec+ supply cuts, China is likely to source more of the crude from farther west, which will increase the total voyage days for Chinese crude imports.

“As a result, TD3C [the Middle East Gulf-China VLCC spot trade] is likely to be stronger in the third quarter than the $20,000 per day that the forward curve ­currently suggests.”

TD3C earnings were assessed at $26,119 per day by the Baltic Exchange on Monday, up by nearly $6,000 from last Friday but still nearly halved from early June.

Kan det ligge forlengelser av kontrakter i lufta her siden tankskip ikke får losset av:
https://www.tradewindsnews.com/tankers/china-s-floating-storage-glut-spooks-big-tanker-markets/2-1-838927

Hva er forskjellen på RV og Actual? Er det 27.92K usd for de første 39 dagene og så fra 39 til 48 dager så er raten 20.59k usd?

Front Dynamic (2020 - Modern VLSFO) On Subs AG/Vietnam WS 39.00 NSRP Jul 23-24 Frontline Demurrage USD 40K (TCE: RV USD 27.92K @ 39.36 days / Actual USD 20.59K @ 48.88 days) 5.11 idle days

Ser mere ut som om ratene falt 15% for øyeblikket. Merkelige greier dette her.

TANK: 19 VLCC-SLUTNINGER MANDAG, RATE AG-SINGAPORE +15,0 PROSENT
Oslo (TDN Direkt): Det ble rapportert om 19 VLCC-slutninger mandag.

Det fremgår av en slutningsliste fra Fearnleys.

Fraktraten fra Midtøsten til Singapore lå på om lag 42 worldscalepoeng mandag, tilsvarende en oppgang på 15,0 prosent fra foregående handelsdag, ifølge data fra Infront.

Av 19 slutninger gikk blant annet seks reiser fra AG til Kina, Sør-Korea, Taiwan og Thailand.

TANK: 16 VLCC-SLUTNINGER ONSDAG, RATE AG-SINGAPORE -4,0%
Oslo (TDN Direkt): Det ble rapportert om 16 VLCC-slutninger onsdag.

Det fremgår av en slutningsliste fra Fearnleys.

Fraktraten fra Midtøsten til Singapore lå på om lag 34,5 worldscalepoeng onsdag, tilsvarende en nedgag på 4,0 prosent fra foregående handelsdag, ifølge data fra Infront.

Av de 16 slutningene er syv fra AG og to fra Vest-Afrika.

Vi anslår at rundt 10 prosent av VLCC-flåten har vært ute av markedet på grunn av forsinkelser og som lagertonnasje. Vi mener det er store lagertrekk på gang i oljemarkedet fra nå og utover. Det vil frigjøre skip, men hvor lang tid det tar er usikkert.
Overraskende oljelagertall
Tallene viste at de amerikanske råoljelagrene falt med 7,2 millioner fat til 533,5 millioner fat i forrige uke. Det var ifølge TDN Direkt ventet en nedgang på 0,7 millioner fat.
Arctic anslår at juni var bunnpunktet for OPEC+-produksjonen.
– Juli blir noe høyere mens august kan bli vesentlig høyere dersom avtalt plan følges. Det avgjøres av utvikling i etterspørsel, lager, produksjon fra USA og, mest av alt, oljeprisen. Skal vi tro at vi får en bedring i tank aksjer og kursen igjen skal opp og at bunnen var i juni?
Prognosene for tank spriker også mye fra Wall Street, se under:
FRONTLINE (NYSE:FRO) PRICE TARGET AND CONSENSUS RATING
7 Wall Street analysts have issued ratings and price targets for Frontline in the last 12 months. Their average twelve-month price target is $11.57, suggesting that the stock has a possible upside of 55.72%. The high price target for FRO is $18.00 and the low price target for FRO is $5.92. There are currently 1 sell rating, 1 hold rating and 5 buy ratings for the stock, resulting in a consensus rating of "Buy."

Iran den 25. juni startet offisielt bygging av en 1 000 km (620 mil) rørledning for å unngå den omstridte Hormuzsundet

https://www.spglobal.com/platts/en/market-insights/latest-news/natural-gas/062520-iran-building-pipeline-to-avoid-disputed-oil-waterway

Teheran - Iran startet den 25. juni offisielt bygging av en rørledning på 1 000 km (620 mil) for å unngå den omstridte Hormuz-stredet for sin fremtidige oljeeksport, melder statlig TV

Ruten Goureh-Jask vil bringe 1 million b / d olje fra den sørlige Bushehr-provinsen til den iranske kysten ved Omanhavet for eksport. Prosjektet, som vil koste over 1,1 milliarder dollar, ser for seg lagringskapasitet på 10 millioner fat råolje.

"Dette er et strategisk prosjekt når det gjelder sikkerhet, økonomi og energi ... kunder som kjøper olje fra oss, vil være sikre på at de kan ta oljen vår under alle forhold ... I dag er en veldig viktig dag i vårt lands energi historie, "sa president Hassan Rouhani på en TV-videokonferanse for å starte byggingen offisielt.

"Et utenlandsk selskap skulle etablere et anlegg for å produsere rør for sur olje og gass i landet. På grunn av sanksjonene i 2018 stoppet dette prosjektet. Så tvilte vi på om vi kunne gjøre det i landet ... Alle de utenlandske selskaper som ønsket å samarbeide, men stoppet, og de som innførte sanksjonene, som betyr USA og sionistene [Israel], ser at de ikke kan forhindre Iran i å gå videre med produksjon og teknologi, "sa presidenten.

Rouhani la til at Iran ville være det eneste landet hvis oljeeksport ville bli fullstendig kuttet hvis Hormuzsundet ble stengt. "... på en regnfull dag, ville det være oss som skulle være i trøbbel. Vi har kommet forbi dette problemet," sa han.

Vannkanalen er nøkkelpunktet for olje- og gassskip som krysser Persiabukta, og har vært åsted for militære spenninger mellom USA og Iran, samt angrep på tankskip.
"Av disse 1 000 km er det bygget rundt 440 km av rørledningen, og vi vil ha fem pumpestasjoner som også bygges i Iran," sa han. Rouhani sa at oljeledningen også kunne føre "kondensater" om nødvendig.

Den vest-østlige 42 "rørledningen er kompatibel med sur olje, sa Rouhani, og la til at han håpet at den ville være ferdig neste mars.
Den iranske oljeministeren Bijan Zanganeh som også holdt tale under seremonien sa at over 40% av arbeidet på stedet var fullført.

"Så langt har vi brukt 300 millioner dollar til nå, og vi bør bruke rundt 850 millioner dollar mer for å fullføre. Vi hadde noen [økonomiske] problemer som ble fjernet ved presidentgodkjenninger, og resten vil bli gitt fra investeringsmarkedet [aksjemarkedet ], "Sa Zanganeh.

"Dermed vil dette mest strategiske prosjektet med myndighetene fra oljeeksporten starte fra Jask," sa han.

"I Jask bygges det 20 tanker med hver en halv million fatkapasitet. Deretter bør vi bygge logistikkhavnen der og utvide oljeeksportanleggene som er i form av flytende bøye fortøyning," sa Zanganeh.

Min konklusjon: Build it, enjoy it for some time, and, Boom gone ...

1. Kostbart

2. Iran økonomi

Når ferdig,

3. Israel, god av ....

Ødelagte iranske penger ...

Så igjen, kostnadene er i sin egen valuta LOL