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conix

Re: Eurotradr post# 1072

Monday, 06/01/2020 2:36:13 PM

Monday, June 01, 2020 2:36:13 PM

Post# of 1285
Significant--A 30-day count in the MEG shows 141 ships on paper, which will make most owners give in. Until today it has been difficult to find any positive signs at all, but things have started happening with VLCC activity and rates moving in the right direction, which should spill over into the Suezmax segment. Additionally, we now see some movement in Libya as well. It remains to be seen if this is sustainable, but getting Libya barrels back in play would be a huge plus.

Successful Trading is the art of minimizing long term risk and maximizing capital allocation.

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