/biz/ - Business & Finance

>>19596051
Lowest ship build order books in history will keep ship supply low. The 5 year slump happened because they fell for the growth meme and built tons of ships continuously until there was oversupply and no one could get good rates. No one is building ships anymore, CEO's commented they learned their lesson, and by next year one an enormous scrap of ships is going to happen if rates fall down. Basically, the price of ship upkeep and surveys go up every year the ship exists, and like a quarter+ of all ships are now at the point where scrapping is cheaper at break-even rates than running the ship. This means for the next 5 years tankers actually will be doing well due to supply-demand shift, there is no slump coming unless oil supply dries up and no ships can get anything....which given this weekend is unlikely as oil companies are greedy. This weekend might of shown the greenlight that defeats the bear thesis of tankers (no oil production, no transport).

>>19596081
I see this perspective and like it. There is real progress and transition, one's work has evidence and by being an article of clothing and still a bit removed from the body it is extra humbling~ Pure servitude. I would make them dirty and clean up again as well, but I am such a sub I would probably beg for permission for it.

>>19346202
Stocks not be performing to value and earnings, what to do. Ultra-jewing mode initiatied on oil rollover too, everything reversed and was okay and into backwardation within one month and "magically" reversed back into unprecedented crisis we aren't doing enough to stop the moment after. Nothing we can do when they literally rig the game by acknowledging data sometimes and not at other times.

>>19346428
Cute and precious.