Monday Flood, For All
A veritable flood of new research hit my desk this morning.
A few highlights below:
Suezmax and Aframax earnings are stronger than they have been most of the year, as seasonality kicks in with a vengeance:
A comparison of implied values for offshore drilling stocks:
And a useful fleet overview:
Global LR2 loadings are UP year over year:
A lot of MR’s will be hitting the water in 2025, but 2024 should still be a stellar year for earnings:
China continues to ramp up refinery capacity, but also product exports. Will we see spikes like last year? Time will tell:
Two days is not a long job, but £110,000/day is a lot of money. The job could potentially last up to 12 days. And it’s one thing to see such AHTS rates in July (high season), more rare to see it in late October:
Average North Sea spot rates for large AHTS last October were… £16,516.
Finally, tanker recommendations and valuations:
Thank you Ed for your work. Maybe you could make post about Valaris and other big players in offshore space?
Great piece, loving your content Ed.