# ![@lzab1453 Avatar](https://lunarcrush.com/gi/w:26/cr:twitter::1359926667762954241.png) @lzab1453 LZ

LZ posts on X about $fro, $dht, $eco, $oet the most. They currently have [-----] followers and [---] posts still getting attention that total [---] engagements in the last [--] hours.

### Engagements: [---] [#](/creator/twitter::1359926667762954241/interactions)
![Engagements Line Chart](https://lunarcrush.com/gi/w:600/cr:twitter::1359926667762954241/c:line/m:interactions.svg)

- [--] Week [-----] +56%
- [--] Month [-----] -50%
- [--] Months [------] -77%
- [--] Year [-------] -75%

### Mentions: [--] [#](/creator/twitter::1359926667762954241/posts_active)
![Mentions Line Chart](https://lunarcrush.com/gi/w:600/cr:twitter::1359926667762954241/c:line/m:posts_active.svg)

- [--] Week [--] -33%
- [--] Month [--] +138%
- [--] Months [--] +29%
- [--] Year [---] -13%

### Followers: [-----] [#](/creator/twitter::1359926667762954241/followers)
![Followers Line Chart](https://lunarcrush.com/gi/w:600/cr:twitter::1359926667762954241/c:line/m:followers.svg)

- [--] Week [-----] +0.27%
- [--] Month [-----] +0.70%
- [--] Months [-----] +6.90%
- [--] Year [-----] +19%

### CreatorRank: undefined [#](/creator/twitter::1359926667762954241/influencer_rank)
![CreatorRank Line Chart](https://lunarcrush.com/gi/w:600/cr:twitter::1359926667762954241/c:line/m:influencer_rank.svg)

### Social Influence

**Social category influence**
[stocks](/list/stocks)  [cryptocurrencies](/list/cryptocurrencies)  [finance](/list/finance)  [countries](/list/countries)  [travel destinations](/list/travel-destinations)  [currencies](/list/currencies)  [automotive brands](/list/automotive-brands)  [luxury brands](/list/luxury-brands)  [us election](/list/us-election)  [technology brands](/list/technology-brands) 

**Social topic influence**
[$fro](/topic/$fro), [$dht](/topic/$dht), [$eco](/topic/$eco), [$oet](/topic/$oet), [$insw](/topic/$insw), [$tnk](/topic/$tnk), [$stng](/topic/$stng), [link](/topic/link), [$nat](/topic/$nat), [$trmd](/topic/$trmd)

**Top assets mentioned**
[Frontline Ltd. (FRO)](/topic/$fro) [dHedge DAO (DHT)](/topic/$dht) [Okeanis Eco Tankers Corp. (ECO)](/topic/$eco) [International Seaways, Inc. Common Stock (INSW)](/topic/$insw) [Scorpio Tankers Inc. (STNG)](/topic/$stng) [TORM plc Class A Common Stock (TRMD)](/topic/$trmd) [Star Bulk Carriers Corp. (SBLK)](/topic/$sblk) [Tokenomy (TEN)](/topic/$ten) [ARDMORE SHIPPING CORPORATION (ASC)](/topic/$asc) [Golden Ocean Group Limited Common Stock (GOGL)](/topic/$gogl) [Hafnia Limited (HAFN)](/topic/$hafn) [Diana Shipping, Inc. (DSX)](/topic/$dsx) [BW LPG Limited (BWLP)](/topic/$bwlp) [EURONAV NV (EURN)](/topic/$eurn) [Danaos Corporation (DAC)](/topic/$dac) [EURONAV NV (CMBT)](/topic/$cmbt) [PBF ENERGY INC. (PBF)](/topic/$pbf) [ZIM Integrated Shipping Services Ltd. (ZIM)](/topic/$zim) [GMS Inc. (GMS)](/topic/$gms) [Costamare Inc. (CMRE)](/topic/$cmre) [Borr Drilling Limited (BORR)](/topic/$borr) [Transocean LTD. (RIG)](/topic/$rig)
### Top Social Posts
Top posts by engagements in the last [--] hours

"Other than $PBF which has the highest quality refineries in the US and is imo the cheapest US refiner (based on a Mkt Cap/Refining Capacity all other USD refiners seem richly priced compared to European peers"  
[X Link](https://x.com/lzab1453/status/1567140682761994241)  2022-09-06T13:20Z [----] followers, [--] engagements


"Conclusion: with the looming ban on Russian products (and diesel in particular) kicking in I believe diesel cracks will be elevated this winter and I want some exposure on good quality assets with high diesel % in their products mix"  
[X Link](https://x.com/lzab1453/status/1567140690928275457)  2022-09-06T13:20Z [----] followers, [--] engagements


"@Laz_Cap You're correct re accommodation biz. I used higher utilisation rate as in H1'22 they advised they were at 89% utilisation. Even using 90% utilisation I get to a leverage ratio below 4.00x by June '23. From [----] to [----] utilisation has increased from 61% to 89% so positive trend"  
[X Link](https://x.com/lzab1453/status/1643525883003559941)  2023-04-05T08:08Z [----] followers, [---] engagements


"OPEC+ may announce a cut and tanker stocks will instantly lose another 10-15%.Anyway crude tankers are setup very well for the coming qtrs. Given there will be a lot of price volatility one should not assume a "rerating" of tankers stocks $FRO $OET.OL $DHT $TNK #Tankers"  
[X Link](https://x.com/lzab1453/status/1664985216287399938)  2023-06-03T13:19Z [----] followers, [--] engagements


"From $EURN [----] AR when the US was becoming a net seaborne energy exported. Very actual graph now considering the recent 1mbpd cut by KSA. If Asian demand remains stable we might see more cargoes from USG/Brazil to Asia increasing VLCC demand $FRO $OET.OL $DHT $EURN $TNK"  
[X Link](https://x.com/lzab1453/status/1666351708279111681)  2023-06-07T07:49Z [----] followers, [----] engagements


"Disclaimer: as usual nothing of the above constitutes investment advice I am long $OET.OL $FRO and $DHT"  
[X Link](https://x.com/lzab1453/status/1668907119515430912)  2023-06-14T09:03Z [----] followers, [--] engagements


"@MakaiMarine @Magnus12316 Imo if you approach investing in shipping in this way you will never buy as the next trough in the cycle is always behind the corner"  
[X Link](https://x.com/lzab1453/status/1681201675690733570)  2023-07-18T07:18Z [---] followers, [---] engagements


"Saw some FUD re Suezmaxes and Aframaxes returning to non Russia trade given Russian barrels are selling above the $60 price cap putting more pressure on rates. Imo Russia seaborne oil will need to continue to flow. #tankers #oott $FRO $OET.OL $DHT"  
[X Link](https://x.com/anyuser/status/1684124996770070528)  2023-07-26T08:54Z [--] followers, [--] engagements


"By how much does $OET.OL outperform VLCCs: the company outperformed listed peers ( $FRO $EURN $DHT $INSW) by 15% since listing and by 20% in the past [--] qtrs. Suezmaxes: here the difference is staggering outperforming peers by 45%"  
[X Link](https://x.com/lzab1453/status/1691041171714314240)  2023-08-14T10:56Z [----] followers, [---] engagements


"I don't think that from current high levels (historically) we will see much further asset appreciation. So imo the investment thesis should be based on investing in companies that: - outperform peers - shareholder friendly/aligned mgmt - no Capex requirements for fleet renewal"  
[X Link](https://x.com/lzab1453/status/1691041182309117952)  2023-08-14T10:56Z [----] followers, [---] engagements


"For me $OET.OL is one of the very few companies ticking all the boxes. Disclaimer: I am long $OET.OL. the above is not investment advice just expressing my personal opinion. #tankers #oott $OET.OL $FRO $DHT $NAT $EURN $INSW"  
[X Link](https://x.com/lzab1453/status/1691041183923838979)  2023-08-14T10:56Z [----] followers, [---] engagements


"@ed_fin @AyusoValue @mintzmyer Some mgmt teams turn a deaf ear to this unfortunatelyother good examples examples of the premium that some companies trade because of their attractive dividend policies and good mgmt teams are $DHT $OET $FRO"  
[X Link](https://x.com/lzab1453/status/1696222258912452688)  2023-08-28T18:04Z [---] followers, [---] engagements


"Debt Debt was $299m vs $317m exp as $GMS.L made a voluntary $23.2m prepayment. This show a commitment to lower finance costs as fast as possible. Net Debt/EBITDA at 3.75x below the 4x threshold. This triggered: - Margin lowered to 3.1% vs 4% - No further PIK (2.5%)"  
[X Link](https://x.com/lzab1453/status/1697177300301660370)  2023-08-31T09:19Z [----] followers, [---] engagements


"Finance Costs Int Exp of $16.5m and PIK int. costs of $2m. Given the debt ratio being below 4x now we expect Finance Costs in 2H '23 to decrease to a more manageable $12.3m. This should allow $GMS.L more room to make further debt prepayments and deleverage further"  
[X Link](https://x.com/lzab1453/status/1697177302059168201)  2023-08-31T09:19Z [----] followers, [---] engagements


"1. Chinese export quotas for products up [--]. Meaning Chinese will have to refine more crude (either by buying more or by drawing on stocks) [--]. KSA/Russia hinting at a cut in production for October too Iran floating storage almost emptied #tankers #oott $FRO $DHT $OET $INSW"  
[X Link](https://x.com/lzab1453/status/1697522637944095212)  2023-09-01T08:11Z [----] followers, [----] engagements


"If you listened to the offshore space earlier today and you're looking for an under the radar offshore player I suggest you have a look to $GMS.L. Despite the run-up I still believe it offers a lot of upside. Imo it could be a takeover candidate in the coming qrtrs. #offshore"  
[X Link](https://x.com/lzab1453/status/1704209709610234332)  2023-09-19T19:03Z [----] followers, [----] engagements


"@joeriwestland @krasberg2 Keep in mind that the existing debt on the ships will be rolled over (the banks will approve the change of control on the ships). So if there is the need for further cash this will be the difference between price paid and existing debt on vessels. Havent done the math/"  
[X Link](https://x.com/lzab1453/status/1710002389174857741)  2023-10-05T18:41Z [----] followers, [---] engagements


"@ed_fin It seems the best way to close the discount to NAV is to have an established policy of paying juicy dividends. even if "buybacks are more accretive because there's a big discount to NAV bla bla bla""  
[X Link](https://x.com/lzab1453/status/1716753224906985856)  2023-10-24T09:47Z [---] followers, [----] engagements


"@Ingolf_Stahl @ed_fin I'm no expert in $PBR and don't have a position but I think there there are many other reasons for "violent" price action mainly due to the fact it is a SOE and the perceived Brazilian risk (again no opinion on it)"  
[X Link](https://x.com/lzab1453/status/1716759168181252311)  2023-10-24T10:10Z [---] followers, [---] engagements


"@ed_fin Cash is $STNG and too much cash on the balance sheet is a double-edged sword depending how mgmt uses it😂"  
[X Link](https://x.com/lzab1453/status/1717785116133458357)  2023-10-27T06:07Z [---] followers, [---] engagements


"@lh_barstad There's a subtle difference between production and exports.and in my opinion with the widening budget deficit in Q3 Saudi Arabia will export more crude sooner rather than lately"  
[X Link](https://x.com/lzab1453/status/1721470853588607100)  2023-11-06T10:13Z [---] followers, [---] engagements


"@Magnus12316 @Anssi_A Yes 100% and worth noting they made a further voluntary debt repaymentso theyre continuing to deleverage as fast as they can"  
[X Link](https://x.com/lzab1453/status/1721477848588857515)  2023-11-06T10:41Z [---] followers, [---] engagements


"@RobinBrooksIIF Hey Robin you continue to spread misinformation by cherry picking data. Have you ever checked who are the UBOs and managers of Fractal Shipping and the other companies involved in the dark fleet do you have a personal feud with Greece Transporting oil below the cap is legal"  
[X Link](https://x.com/lzab1453/status/1729080327224582535)  2023-11-27T10:10Z [---] followers, [---] engagements


"@AndersSjastad @ed_fin @seanvestments $FRO guidance is base load to discharge so its not really comparable to peers. $DHT $41.5k $OET $40.9k $INSW $33.4k"  
[X Link](https://x.com/lzab1453/status/1730119189300408364)  2023-11-30T06:58Z [----] followers, [---] engagements


"@AndersSjastad @ed_fin @seanvestments Not easy to explain here but ideally Id need to know the position of the ships and calculate the number of ballast days (non earning) up to end of the quarter so that you can divide gross revenues by the correct number of earning days. But its not an easy task"  
[X Link](https://x.com/lzab1453/status/1730120277869179350)  2023-11-30T07:03Z [---] followers, [---] engagements


"@Big_Orrin Very informative as always re Kuwait I suspect some of the "cut" might feed Al Zour"  
[X Link](https://x.com/lzab1453/status/1730610136580850056)  2023-12-01T15:29Z [---] followers, [--] engagements


"Did some Christmas reading on $IMPP.it's true the Series C preferred have been converted into common equity. But what about the Series B Preferred Stock [-----] shares O/S each giving [-----] votes. Not redeemable and can be held only by ONE holder. #tankers #shiptwit"  
[X Link](https://x.com/lzab1453/status/1739385929381372193)  2023-12-25T20:41Z [----] followers, [----] engagements


"I've see suggestions that Harry now is fully aligned with common shareholders because he converted a lot of Series C and now hold a considerable portion of common equity. I'm not sure about that given the Series B pref. I give a take private bid as a 50/50 scenario"  
[X Link](https://x.com/anyuser/status/1739385931625337105)  2023-12-25T20:41Z [--] followers, [---] engagements


"by holding onto the Series B he's still not aligned with common shareholders.he may still raise tons of equity to buy ships etc without losing control"  
[X Link](https://x.com/lzab1453/status/1739385933139513696)  2023-12-25T20:41Z [----] followers, [---] engagements


"and I don't see a scenario where the war in Gaza ends soon; it seems Israel is determined to finish what they started vs Hamas; Israel hinted themselves that they don't see this ending in 2024"  
[X Link](https://x.com/lzab1453/status/1744011045172027888)  2024-01-07T15:00Z [----] followers, [---] engagements


"@joeriwestland Price action for tankers in the past week or so has been completely detached from the physical reality and geopolitical risksquite disappointing that people do not understand the basics"  
[X Link](https://x.com/lzab1453/status/1745365699176882238)  2024-01-11T08:43Z [----] followers, [----] engagements


"@ed_fin Youre absolutely correctjust annoyed by recent price action (caused by another impatient type of Investors that expect TCE of 100k all year long)"  
[X Link](https://x.com/lzab1453/status/1745706091994808376)  2024-01-12T07:15Z [----] followers, [---] engagements


"@Alpaca_Capital I wouldnt put Tesla and luxury cars/Porsche in the same sentence"  
[X Link](https://x.com/lzab1453/status/1746812417663766690)  2024-01-15T08:31Z [----] followers, [---] engagements


"@Rodoro16 @OriginalBraila Yes fully agree. Mine was just a reply to the above I.e. if the mkt is tight because of Suez then those rust bucket wont be scrapped immediately and may be TC-out at profitable rates for a little more before the wave of NBs arrives. After that it will be a s**tshow agreed"  
[X Link](https://x.com/lzab1453/status/1746844604001874092)  2024-01-15T10:39Z [----] followers, [---] engagements


"$GMS.L $GMS recently provided a business update increasing its guidance for the next years. The company is guiding for Adj. EBITDA of: [----] - $86m [----] - $87m - 95m [----] - $92m - 100m #offshore #oott #rigs #oil"  
[X Link](https://x.com/lzab1453/status/1750821936899236265)  2024-01-26T10:04Z [----] followers, [----] engagements


"In a recent report on offshore drilling DNB states that the avg. EV/EBITDA multiple for Middle East focused players is around 11x - 12x. Considering $GMS.L owns Jack-up accommodation units (not rigs) they may trade at a slightly lower multiple maybe 8-10x"  
[X Link](https://x.com/lzab1453/status/1750821940577898779)  2024-01-26T10:04Z [----] followers, [---] engagements


"Using [----] company guidance we get to a fair value of 40p-60p while based on [----] EBITDA we are in the 45p to 70p range. Having said this I continue to hold my position and I have moved my target price higher"  
[X Link](https://x.com/lzab1453/status/1750821945044517308)  2024-01-26T10:04Z [----] followers, [---] engagements


"DISCLAIMER: Please do your own due diligence as the above is not financial advice I am just expressing my opinion. I am long $GMS.L"  
[X Link](https://x.com/lzab1453/status/1750821947401740554)  2024-01-26T10:04Z [----] followers, [---] engagements


"@AllVentured @christankerfund Chasing anything cheap in shipping is not smart money.if it was so easy to make money in shippingdiscount to NAV doesnt warrant higher upside than a company trading at a lower discount but with a top quality management"  
[X Link](https://x.com/lzab1453/status/1751695960520917220)  2024-01-28T19:57Z [----] followers, [---] engagements


"Assuming a 60/40 split also for the FY'23 and a premium earned for Nukes and Kamsarmaxes we can say that in FY '23 they probably lost $4-5k/day per TC-in vessel equal to $65-80m on the [----] TC-in vessels. To this we need to add/subtract their performance from trading FFAs"  
[X Link](https://x.com/lzab1453/status/1755233150022607357)  2024-02-07T14:12Z [----] followers, [---] engagements


"Now let's try and figure out how they performed on FFAs. In [----] none of $CMRE FFA positions qualified for hedge accounting and as such were recorded in the P&L under "Gain on Derivative Instruments". Other gains on hedging goes into Other Comprehensive Income ("OCI")"  
[X Link](https://x.com/lzab1453/status/1755233151750717858)  2024-02-07T14:12Z [----] followers, [---] engagements


"In Q4'23 the company had Gains on derivative instruments. of $24.5m and losses under "OCI" of $23.3m. For FY'23 Gains on derivative instruments were $17.3m with Loss under "OCI" of $25m. The other hedging the company uses are interest rate swaps ("IRS") and bunker swaps"  
[X Link](https://x.com/lzab1453/status/1755233153491312701)  2024-02-07T14:12Z [----] followers, [---] engagements


"On the other hand for FY'23 they probably lost quite a bit of money on the TC-in book and I'd quantify it at $65-80m. It would have been much simpler to just do like $DAC and buy some mid-aged capes and catch all the upside from rates and asset appreciation"  
[X Link](https://x.com/lzab1453/status/1755233159925449178)  2024-02-07T14:12Z [----] followers, [---] engagements


"DISCLAIMER: I have no position in $CMRE and $DAC. Please do your own due diligence as the above is not financial advice I am just expressing my opinion. If anyone has more insight on the accounting classification of FFAs I'd be grateful (if the qualify as hedge accounting)"  
[X Link](https://x.com/lzab1453/status/1755233161544409325)  2024-02-07T14:12Z [----] followers, [---] engagements


"@Vmaxpax @OriginalBraila @Shipping_VIE If you look at what they did with $SBLK it is not as scary.and they've already started the process of reducing their stake (indirectly) with the acquisitions paid in shares instead of cash.It is a risk but it's a bit overblown.I'd still prefer them vs self serving $STNG"  
[X Link](https://x.com/lzab1453/status/1759291539656679577)  2024-02-18T18:59Z [----] followers, [---] engagements


"@joeriwestland @njacobs22 @charlesbonnerjr It would have made more sense to buy SH vessels with shares (given they trade slightly above NAV) and a lot of debt.immediate cash flow generation and increasing LTV to make a more attractive investment"  
[X Link](https://x.com/lzab1453/status/1762926644505768021)  2024-02-28T19:44Z [----] followers, [---] engagements


"@charlesbonnerjr Well the manager of the vessel is a ship management company in Greece. But the manager of the vessel could have been V-Ships or any other 3rd party manager. What is important imo is the nationality of the UBO which in this case is Lebanon"  
[X Link](https://x.com/lzab1453/status/1764014324429816275)  2024-03-02T19:46Z [----] followers, [---] engagements


"DISCLAIMER: I may have a beneficial long position in some of the shares mentioned via stock options or other derivatives. Please do your own due diligence as the above is not financial advice I am just expressing my opinion"  
[X Link](https://x.com/lzab1453/status/1775065630615441635)  2024-04-02T07:40Z [----] followers, [---] engagements


"@AnxanumC @Magnus12316 Agree and we might have few surprises thereit might also drive a buyout.lets see"  
[X Link](https://x.com/lzab1453/status/1775846596388761891)  2024-04-04T11:23Z [----] followers, [--] engagements


"@2_contango If that's the case they should open the taps and flood the market with crude (which I wouldn't mind as an $ECO investor)"  
[X Link](https://x.com/lzab1453/status/1775855071420412112)  2024-04-04T11:56Z [----] followers, [---] engagements


"📈Below my latest post on Dry Bulk - Q1 '24 Earnings Preview. ➡For full post check the link in my bio. #shipping #shiptwit #drybulk $SBLK $GOGL $GNK $SHIP $HSHP $DSX $SB $BELCO.OL $EDRY $BDRY"  
[X Link](https://x.com/lzab1453/status/1779884356942663735)  2024-04-15T14:47Z [----] followers, [----] engagements


"DISCLAIMER: I may have a beneficial long position in some of the shares mentioned via stock options or other derivatives. Please do your own due diligence as the above is not financial advice I am just expressing my opinion"  
[X Link](https://x.com/lzab1453/status/1779884359241039895)  2024-04-15T14:47Z [----] followers, [---] engagements


"@joeriwestland @2_contango I see STNG too big to swallow for anyone. My bet is that STNG is preparing the balance sheet to buy a smaller peer.ASC comes to mind as the logical target. I personally wouldn't bet on meaningful capital returns any time soon"  
[X Link](https://x.com/lzab1453/status/1788870954573000809)  2024-05-10T09:57Z [----] followers, [---] engagements


"@2_contango So more gasoline going to Brazil Africa maybe what's your expected impact on the "reshuffled" product trade"  
[X Link](https://x.com/lzab1453/status/1792534443627843657)  2024-05-20T12:34Z [----] followers, [--] engagements


"@2_contango Some fictional numbers on spot VLCCs are real if I then look at dividend payments $ECO $OET"  
[X Link](https://x.com/lzab1453/status/1792867491443613797)  2024-05-21T10:38Z [----] followers, [---] engagements


"@Edark94 You question @mintzmyer but you blindly believe a screenshot from Roaring Kitty 😀"  
[X Link](https://x.com/lzab1453/status/1797502620497821872)  2024-06-03T05:36Z [----] followers, [---] engagements


"If downward pressure on prices continues it would naturally push to deleveraging and only a centrally planned big fiscal stimulus would help. Last graph: Falling sales of local governments land (which is usually used for new RE projects)"  
[X Link](https://x.com/lzab1453/status/1805170141300162834)  2024-06-24T09:24Z [----] followers, [---] engagements


"Having said this it doesnt mean that dry bulk/capes are doomed as there are many other factors to consider a lot of which are positive like increased coal consumption a very positive supply picture continued Brazil export strength further Chinese stimulus and Simandou"  
[X Link](https://x.com/lzab1453/status/1805170143275704613)  2024-06-24T09:24Z [----] followers, [---] engagements


"But I also believe the upside might be somewhat capped until theres more clarity on China. PS graphs are not mine credits to who published them"  
[X Link](https://x.com/lzab1453/status/1805170144945098910)  2024-06-24T09:24Z [----] followers, [---] engagements


"@Stockaholic5 @PGSD The graph is obviously bullish.my TA says that theres a breakout confirmed.to the moon"  
[X Link](https://x.com/lzab1453/status/1816220718641647676)  2024-07-24T21:15Z [----] followers, [--] engagements


"@CRUDEOIL231 @campbe14425505 Agreed looking at China import weakness and OPEC demand revision it seems they're preparing the ground for an extension of the cuts.and thanks for your post very helpful"  
[X Link](https://x.com/lzab1453/status/1823433069380166130)  2024-08-13T18:54Z [----] followers, [---] engagements


"@Edark94 Whats Toyota endgame selling all those Hilux to Islamic terrorists"  
[X Link](https://x.com/lzab1453/status/1825117292910284805)  2024-08-18T10:27Z [----] followers, [---] engagements


"@2_contango Not talking about the Baosteel or the Shagang guybut I dont see a fundamental reason for steel margins to improvere Brazil cargoes otoh in July there were much less exports from Port Hedland if Im not mistaken"  
[X Link](https://x.com/lzab1453/status/1826201505407655991)  2024-08-21T10:15Z [----] followers, [---] engagements


"@Alpaca_Capital Thats the end of the bear market that lasted AH yesterday 🤣"  
[X Link](https://x.com/lzab1453/status/1829084548593848337)  2024-08-29T09:11Z [----] followers, [---] engagements


"Reporter: "What is important to look at when investing in shipping" Donald Trump: #shiptwit $FRO $DHT $SBLK $GOGL $STNG $TRMD https://www.youtube.com/watchv=RDrfE9I8_hs&t=34s https://www.youtube.com/watchv=RDrfE9I8_hs&t=34s"  
[X Link](https://x.com/lzab1453/status/1830612393300484556)  2024-09-02T14:23Z [----] followers, [----] engagements


"@RuneSolberg8 @2_contango If the market turns (ie not allowing the payment of big dividends nor allowing big buybacks) Im pretty confident STNG price would crash as much as others irrespective of the buybacks"  
[X Link](https://x.com/lzab1453/status/1831390646571299266)  2024-09-04T17:55Z [----] followers, [--] engagements


"@2_contango I think this is linked to the fact a lot of vessels have been built 2009-2010.so probably owners thought it wasn't worth to install on those vessels (probably wrongly)"  
[X Link](https://x.com/lzab1453/status/1831770632964730952)  2024-09-05T19:05Z [----] followers, [---] engagements


"@charlesbonnerjr Is Ferrari the right peer to look at Its a bit like comparing Ralph Lauren with Hermes (havent looked at the numbers) but brand-wise"  
[X Link](https://x.com/lzab1453/status/1833563670216937782)  2024-09-10T17:50Z [----] followers, [---] engagements


"In Q3 (to date) none of the dry bulk equities we follow are in positive territory (tot. return including dividends) with the majority being down 15-25% despite strengthening spot rates and FFAs. #shiptwit #drybulk $GNK $SHIP $DSX $SB $GOGL $SBLK $EDRY $HSHP $BELCO.OL $USEA"  
[X Link](https://x.com/lzab1453/status/1833784010830442798)  2024-09-11T08:25Z [----] followers, [----] engagements


"So the question is: has the recent rout created a decent entry point or will we see more downward pressure (especially if rates do not increase further from here) I will try to post something on the blog in the coming days with a bit more colour/detail on this"  
[X Link](https://x.com/lzab1453/status/1833784019609100756)  2024-09-11T08:25Z [----] followers, [---] engagements


"Another interesting graph from SB1; it shows the weight of RE vs other sectors for steel demand (striking to see how much RE and Infrastructure account for demand-wise) and the drop in new housing projects. Property steel demand has already decreased 10% in the last year and with new housing starts at -70% they expect RE steel demand to drop further. 5/n"  
[X Link](https://x.com/lzab1453/status/1835589972457365848)  2024-09-16T08:02Z [----] followers, [---] engagements


"As we said above this has led to higher steel exports (reaching an [--] year high) but as expected countries are reacting to this by increasing tariffs on steel imports (India is the latest one increasing the tariffs from 7.5% to 12%). In theory September is restocking season for many steel traders and we'll see if demand will be there; it will be interesting to watch this together with any Fed/Chinese Central Bank actions as these are the things that might affect the most the steel market (and indirectly iron ore). 6/n"  
[X Link](https://x.com/lzab1453/status/1835589974818734515)  2024-09-16T08:02Z [----] followers, [---] engagements


"Housing and Infrastructure China is considering to relax restrictions for non-local buyers in 1st tier cities which the government hopes should provide some support to sales and sale prices. Looking at infrastructure spending which has been thesecond pillar of Chinese huge steel consumption in the past decades we can see how spending is slowing (blue line below) with the Chinese Ministry of Finance recently urging local governments to restrict local bond issuances to fundinginfrastructure projects in order to reduce debt risks"  
[X Link](https://x.com/lzab1453/status/1838113469230383144)  2024-09-23T07:09Z [----] followers, [----] engagements


"Finally two interesting graphs when read together: Chinese new home price changes (first graph) and Steel Rebar prices (second graph); I believe that if we dont see more stimulus as said above and a change to the house prices direction we might have more downside on steel prices"  
[X Link](https://x.com/lzab1453/status/1838113472409706976)  2024-09-23T07:09Z [----] followers, [---] engagements


"This week weve finally seen the first set of economic measures by China in order to support and stimulate a slowing economy. On the one hand the Central Bank is cutting reserve requirements thus injecting [--] trillion Yuan of liquidity in the system while on the other it is providing 500b Yuan in funding to funds/brokers to buy stocks and 300b Yuan to commercial banks to help them fund companies buybacks. This is a strong first step with all main dry commodities (and dry bulk rates) reacting very positively on the news. I personally think it is important to understand how much of this stimulus"  
[X Link](https://x.com/lzab1453/status/1840092323465597259)  2024-09-28T18:12Z [----] followers, [---] engagements


"Crude Tankers 🛢The big news of the week is an FT article that came out on Thursday saying that Saudi Arabia is abandoning its (implied) $100 price target for crude oil. The article did not provide any new information but just a confirmation that OPEC+ is planning to increase output starting in December with Saudi Arabia increasing output by 1mbd over the period December 2024-December [----]. Despite this crude dropped by 2-3% on Thursday with tanker equities gaining some traction after a difficult week"  
[X Link](https://x.com/lzab1453/status/1840092326003388908)  2024-09-28T18:12Z [----] followers, [----] engagements


"Product Tankers 🏭Another Chinese refinery (Changyi Petrochemical owned by Sinochem) declared bankruptcy while in the US Vertex Energy also filed for Chapter [--] (although for Vertex the company had several issues). Chinese policies have been trying to push out of the market Shandongs teapot refineries for years but [--] bankruptcies in a month is still worrying. Chinese crack spreads have been under pressure in [----] (similar to what happened worldwide) even with refineries running at an average 75% utilisation (ca. 80% for State owned refineries and 55% for Shandongs teapot refineries)."  
[X Link](https://x.com/lzab1453/status/1840092328452579693)  2024-09-28T18:12Z [----] followers, [---] engagements


"@mintzmyer it's up 50% in a month.imo a lot of this has been already priced in.and if the Red Sea is an "indefinite" disruption I'd expect this one to be much more short-lived"  
[X Link](https://x.com/lzab1453/status/1841112134031200612)  2024-10-01T13:45Z [----] followers, [----] engagements


"Finally the port strike at US East Coast terminals has been called off until January [----] after the ILA reached an agreement for a 60% wage increase in [--] years (vs initial demands of 70%). Container stocks crashed on the news but it will be interesting to keep an eye on any development as if a further strike is announced in January it could create some short-term trading opportunities"  
[X Link](https://x.com/lzab1453/status/1843001751047180562)  2024-10-06T18:53Z [----] followers, [---] engagements


"Crude Tankers Expanding a bit on the above (i.e. Middle East geopolitical situation) weve heard how Israel is planning a counter-attack against Iran (Monday 7th October also marks the [--] year anniversary of Hamas' attack on Israel which could make it as a possible date for a symbolic retaliation) which may target either the nuclear facilities or oil infrastructure in Iran. Looking at the latter the main objective could be Kharg Island (which is the main crude export terminal of the country) some refineries or NITC tankers. On Thursday all ballast NITC VLCCs left Kharg Island in a hurry fearing"  
[X Link](https://x.com/lzab1453/status/1843001900708548615)  2024-10-06T18:54Z [----] followers, [----] engagements


"Product Tankers Not a lot to report this week. We have seen rates rebounding on MRs while LRs have remained subdued after a good run in the past weeks. Interesting to see if MRs can build on the recentstrength as we enter into Q4. As said in the past weeks Im still cautious product tankers also given that refinery margins remain quite weak globally (with the exception ofnaphtha). Looking at company news Oaktree sold 3.5m shares in Torm and are now down to 42% ownership (from 45.7%)"  
[X Link](https://x.com/lzab1453/status/1843001908203532729)  2024-10-06T18:54Z [----] followers, [---] engagements


"Dry Bulk After some stellar weeks cape rates slowed down (probably also due to the Chinese being on holiday); however weve see decent strength in Panamax and Supramax FFAs. Looking at the recent price action in commodities (especially iron ore and steel) Goldman Sachs put out a piece saying that the recent rally was more due to short covering vs improved demand strength as it will take time to see any real effect on the physical market. I tend to agree on the above and I also believe that some of the upward movement in FFAs in the past [--] days could also be explained by the same reason (i.e."  
[X Link](https://x.com/lzab1453/status/1843001911638897049)  2024-10-06T18:54Z [----] followers, [----] engagements


"@2_contango Did he fat fingered $FRO instead of $STNG Or was it @AndersSjastad"  
[X Link](https://x.com/lzab1453/status/1843363588716835018)  2024-10-07T18:51Z [----] followers, [---] engagements


"@MakaiMarine When rates have spiked/are higher FFAs will always think theyll come down; when rates are lower FFAs will always indicate rates will improveit doesnt mean theyre a good predictor of what the future physical mkt will be (look also at dry FFAs as an example)"  
[X Link](https://x.com/lzab1453/status/1844431174929875183)  2024-10-10T17:33Z [----] followers, [---] engagements


"@Big_Orrin What could change though is the "mix" of these imports; smaller independent teapot are mainly importing Iranian crude on sanctioned vessels while we could expect Yulong to import more non-sanctioned crude on non-dark vessels"  
[X Link](https://x.com/lzab1453/status/1849792348344951107)  2024-10-25T12:37Z [----] followers, [---] engagements


"📈Just published the Q3 '24 Earnings Preview for LPG Tankers. In this post we present an overview of [--] LPG Tanker Companies and what we can expect from their Q3 results. ➡For full post check link in my bio. #shipping #shiptwit #gas #energy $AGAS.OL $BWLPG.OL $BWLP $NVGS $LPG"  
[X Link](https://x.com/lzab1453/status/1850899591584944191)  2024-10-28T13:57Z [----] followers, [----] engagements


"Housing Market For the first time in many months we are finally starting to see some good news coming out of China. In October several Chinese cities reported record increases in new home sales with an average increase of 35% across [--] major cities. Steel Looking at steel the China Steel Industry PMI index for October rose into positive territory at [----] with the Production Subindex at the highest level in [--] years. However ff we look at the steel market we are still seeing depressed prices with Baosteel Q3 profits plummeting 65%. I believe that structural problems in China remain (RE steel"  
[X Link](https://x.com/lzab1453/status/1852629069830959124)  2024-11-02T08:29Z [----] followers, [---] engagements


"Need to do the same in order not to buy the daily dips #shipping #shiptwit #tankergang $ECO $OET $FRO $STNG $INSW $DHT This gentleman Ibrahim Yucel a Turkish man who was [--] years old at the time of the events decided in [----] to have his head locked in a cage with the intention of quitting smoking; his wife was the only one who had the keys and she only opened it during meals. https://t.co/1LupljbfYp This gentleman Ibrahim Yucel a Turkish man who was [--] years old at the time of the events decided in [----] to have his head locked in a cage with the intention of quitting smoking; his wife was the"  
[X Link](https://x.com/lzab1453/status/1854968664019419335)  2024-11-08T19:26Z [----] followers, [----] engagements


"When I heard "we are here to keep Tsakos for the next generation like the Patek Philippe advertisement" I left the earnings call. btw re G&A they learnt the Bugbee trick.instead of doing ATMs just award management.in Q3 management awards were $3.5m (justified given all the awards they won this year)"  
[X Link](https://x.com/lzab1453/status/1862156101229129750)  2024-11-28T15:26Z [----] followers, [---] engagements


"@2_contango The formula share price *1.1 hits again"  
[X Link](https://x.com/lzab1453/status/1867100794463375723)  2024-12-12T06:54Z [----] followers, [---] engagements


"With the Assad regime fall is this risk increasing #shipping #shiptwit #tankers $SBLK $GNK $SHIP $DSX $SB $GOGL $EDRY $BELCO.OL $USEA $HSHP #gas #energy $AGAS.OL $BWLPG.OL $BWLP $NVGS $LPG #containership $DAC $NMM $MPCC.OL $ESEA $GSL #oil #oott $STNG $TRMD $HAFN $ASC $DIS.MI $HAFNI.OL $PXS $TNK $DHT $ECO $OET $OET.OL $FRO $NAT $INSW $TEN"  
[X Link](https://x.com/lzab1453/status/1868201549576523950)  2024-12-15T07:48Z [----] followers, [----] engagements


"@2_contango Did they put the kids at home to draw those arrows Jeez my eyes hurt"  
[X Link](https://x.com/lzab1453/status/1874002146011865115)  2024-12-31T07:58Z [----] followers, [---] engagements


"@2_contango Proper cold weather for the first time in a while probably having a bigger impact on price action"  
[X Link](https://x.com/lzab1453/status/1874003299281801221)  2024-12-31T08:02Z [----] followers, [--] engagements


"@steelmarketnews Wen USD breaks everything"  
[X Link](https://x.com/lzab1453/status/1875276140648313248)  2025-01-03T20:20Z [----] followers, [---] engagements


"@2_contango @FamakisInvestor Leaving shipping to go big in Latam Shipping volatility and downside risk was not enough"  
[X Link](https://x.com/lzab1453/status/1875883812217106715)  2025-01-05T12:35Z [----] followers, [---] engagements


"@Vmaxpax They also added Tencent EV Battery manufacturers and other companies.not sure what the consequence (if any) is As you say this is not sanctions but an interesting development nonetheless"  
[X Link](https://x.com/lzab1453/status/1876722057536303397)  2025-01-07T20:06Z [----] followers, [---] engagements


"Pareto published today updated PTs and [----] estimates for tanker companies they cover. Using their PTs and [----] EPS estimates they are implying that stocks would trade at the following P/Es: $DHT: 12.1x $FRO: 10.7x $INSW: 9.5x $OET.OL / $ECO: 10.7x $TNK: 7.1x Using yesterday closing prices the implied Fwd. P/Es are: $DHT: 10.1x $FRO: 7.6x $INSW: 7.0x $OET.OL / $ECO: 8.3x $TNK: 5.4x Draw your own conclusions but not a lot of room for error in my view. #tankers #shiptwit #shipping $DHT $FRO $INSW $OET.OL $ECO $TNK"  
[X Link](https://x.com/lzab1453/status/1876910225799704979)  2025-01-08T08:34Z [----] followers, [---] engagements


"@2_contango"  
[X Link](https://x.com/lzab1453/status/1876952548851986919)  2025-01-08T11:22Z [----] followers, [---] engagements


"@Brandon7921588 @OilCfd @ed_fin Don't think you can "attack" Russian Iranian and Venezuelan exports all at the same time (especially while one of your priorities is keeping oil prices down).to me this latest OFAC sanctions are just Biden parting gift (i.e. "f**k you Trump good luck dealing with this mess")"  
[X Link](https://x.com/lzab1453/status/1878101584745222350)  2025-01-11T15:28Z [----] followers, [--] engagements


"@2_contango so they can buy back even more shares"  
[X Link](https://x.com/lzab1453/status/1878749236994752663)  2025-01-13T10:21Z [----] followers, [---] engagements


"@Aristidis @2_contango"  
[X Link](https://x.com/lzab1453/status/1879183133784080508)  2025-01-14T15:05Z [----] followers, [---] engagements


"@2_contango Not sure its tanker specific.dry and container graphs look similar"  
[X Link](https://x.com/lzab1453/status/1879191264966615391)  2025-01-14T15:38Z [----] followers, [---] engagements


"@2_contango I love these takes"  
[X Link](https://x.com/lzab1453/status/1879447950080000387)  2025-01-15T08:38Z [----] followers, [---] engagements


"@joeriwestland @2_contango I remember in Jan [----] when again Sinokor had supposedly cornered the market controlling more than 60% of the vessels opening in the USG in Febnothing extraordinary happened then"  
[X Link](https://x.com/lzab1453/status/1879814084033659224)  2025-01-16T08:52Z [----] followers, [---] engagements


"@2_contango I agree that the impact on crude tankers should be limited but funny that they don't see this for product tankers.these are the same guys that wrote this in early April.I wouldn't put too much weight on their opinion"  
[X Link](https://x.com/lzab1453/status/1880222601022472457)  2025-01-17T11:56Z [----] followers, [---] engagements


"@2_contango Fully agree (and probably were seeing the same here with the VLCC rally). But if you remove that disruption you still have the negative tonmile effect irrespective of fleet growth"  
[X Link](https://x.com/lzab1453/status/1880226775122473172)  2025-01-17T12:12Z [----] followers, [---] engagements


"@2_contango"  
[X Link](https://x.com/lzab1453/status/1880287212140740912)  2025-01-17T16:13Z [----] followers, [---] engagements


"@2_contango jokes aside very helpful to get these rumours thanks"  
[X Link](https://x.com/lzab1453/status/1880287306432802917)  2025-01-17T16:13Z [----] followers, [---] engagements


"@christankerfund Buybacks"  
[X Link](https://x.com/lzab1453/status/1881817663342805082)  2025-01-21T21:34Z [----] followers, [---] engagements


"📈Just published the Q4 '24 Earnings Preview for Containerships. In this post we present an overview of [--] Containership equities we follow and what we can expect from their Q4 results. ➡For full post check link in my bio. #shipping #shiptwit #containership #Navios #Danaos $DAC $NMM $MPCC.OL $ESEA $GSL"  
[X Link](https://x.com/lzab1453/status/1882772198366089297)  2025-01-24T12:47Z [----] followers, [---] engagements


"Do you notice anything strange in this graph Seriously Credits to @marcajs for spotting this crime #tankers #shiptwit #shipping #tankergang $FRO $OET $DHT $TNK"  
[X Link](https://x.com/lzab1453/status/1894790101084840153)  2025-02-26T16:42Z [----] followers, [----] engagements


"@J_M_G_B_ Private ownership doesn't necessarily mean opaque funding.MSC has been scrutinised by all its lenders for decades and no opaque funding has been found"  
[X Link](https://x.com/lzab1453/status/1897959306277888118)  2025-03-07T10:35Z [----] followers, [--] engagements


"Surely they'll get cheap financing (my guess would be 150-175 bps margin + ECA cover i.e. KSure or Kexim and probably 80% LTV) but as a common shareholder with a different time horizon from the Tsakos family (an investment in Tsakos would not be as a "Patek Philippe to be held for the next generation" paraphrasing Nick in his last call) I think the estimated IRR is too low. In addition to this consider they're going to have to have to splash $270m in equity for these vessels in the next [--] years (equity comes always first vs debt even if there's pre-delivery financing). Considering also the"  
[X Link](https://x.com/lzab1453/status/1902086125184745565)  2025-03-18T19:54Z [----] followers, [---] engagements


"Wen also no more crude cargoes from the US TD22 and tonmiles I'm looking at you. #tankergang #shiptwit $FRO $DHT $ECO $OET $TNK $TEN $NAT China has now not received a single cargo of U.S. liquefied natural gas in [--] days. - Oil Price China has now not received a single cargo of U.S. liquefied natural gas in [--] days. - Oil Price"  
[X Link](https://x.com/lzab1453/status/1902088266360217900)  2025-03-18T20:02Z [----] followers, [----] engagements


"Right #shiptwit #tankers #dry $FRO $DHT $SBLK $GOGL $STNG $TRMD"  
[X Link](https://x.com/lzab1453/status/1908039316808302643)  2025-04-04T06:09Z [----] followers, [----] engagements


"Increasing production while decreasing OSPs.does this tell anything about demand strength #oott #tankers #takergang #shiptwit $FRO $DHT $ECO $OET $TNK A [--] month low for Saudi OSPs: Saudi Aramco cut the May official selling price for Arab Light crude by $2.30 to $1.20 a barrel above the average of Oman and Dubai prices. #OOTT A [--] month low for Saudi OSPs: Saudi Aramco cut the May official selling price for Arab Light crude by $2.30 to $1.20 a barrel above the average of Oman and Dubai prices. #OOTT"  
[X Link](https://x.com/lzab1453/status/1908862194051149994)  2025-04-06T12:39Z [----] followers, [----] engagements


"@Wattwurm73 @2_contango Tsakos is like a Patek Philippe. We keep it (grow it) for the next generation"  
[X Link](https://x.com/lzab1453/status/1917260671269429465)  2025-04-29T16:52Z [----] followers, [---] engagements


"@olvehe $20 is the floor.I'm relieved.so buying $FRO today at $18 is free money"  
[X Link](https://x.com/lzab1453/status/1929955362804785233)  2025-06-03T17:36Z [----] followers, [---] engagements


"@yanekkenay @olvehe The gift"  
[X Link](https://x.com/lzab1453/status/1930209890078777766)  2025-06-04T10:27Z [----] followers, [--] engagements


"So much for "sanctions are working" and then you see this.but I'm sure there's an explanation for it so that the supercycle thesis can be maintained alive (on life support). #tankers #tankergang #shiptwit $FRO $DHT $OET $ECO $INSW $TEN $NAT $TNK The loopholes waivers and workarounds are so so large: Japan is taking delivery of a cargo of Russian crude oil via an oil tanker that's both sanctioned by the US and the EU. According to Tokyo the US told Japan it can use sanctioned tankers to import oil from Sakhalin [--]. The loopholes waivers and workarounds are so so large: Japan is taking delivery"  
[X Link](https://x.com/lzab1453/status/1932128852169347298)  2025-06-09T17:33Z [----] followers, [----] engagements


"@VoltPortfolio @joeriwestland I agreeI can see a short term spike but if western vessels are barred from Hormuz dont see how that is uber bullish.similar to the Russian trade set upfew that can go through earn tons of money while the others arent"  
[X Link](https://x.com/lzab1453/status/1936803861806620789)  2025-06-22T15:09Z [----] followers, [---] engagements


"maybe it really was a trap. #tankers #tankergang #shiptwit $FRO $DHT $OET $ECO $INSW $TEN $NAT $TNK #tankers #tankergang #shiptwit $FRO $DHT $OET $ECO $INSW $TEN $NAT $TNK https://t.co/hy9SSHu5p9 #tankers #tankergang #shiptwit $FRO $DHT $OET $ECO $INSW $TEN $NAT $TNK https://t.co/hy9SSHu5p9"  
[X Link](https://x.com/lzab1453/status/1937490474874364139)  2025-06-24T12:38Z [----] followers, [----] engagements


"@Rory_Johnston it's a bit like Ferrari in F1.after the first [--] races of the season (i.e. by April) they start talking about how next year's car will be the fastest one on the grid"  
[X Link](https://x.com/lzab1453/status/1938496432899518810)  2025-06-27T07:15Z [----] followers, [---] engagements


"Russians and dark fleet owners must be terrified by the prospect of more bureaucrats checking papers. #tankers #tankergang $OET $ECO $FRO $DHT $TNK $INSW $TEN $NAT #Germany launches additional measures against #Russia's 'shadow fleet' #oott https://t.co/9SUXqYHdXI #Germany launches additional measures against #Russia's 'shadow fleet' #oott https://t.co/9SUXqYHdXI"  
[X Link](https://x.com/lzab1453/status/1940319140168048922)  2025-07-02T07:58Z [----] followers, [----] engagements


"📈Below my latest post on Product Tankers - Q2 '25 Earnings Preview. In this post we present an overview of [--] listed product tankers companies and what we can expect from their Q2 results. ➡For full post check link in my bio. #shipping #shiptwit #tankers #oil #oott $STNG $TRMD $HAFN $ASC $DIS.MI $HAFNI.OL $PXS"  
[X Link](https://x.com/lzab1453/status/1942198839324148065)  2025-07-07T12:27Z [----] followers, [----] engagements


"📈Below my latest post on Dry Bulk - Q2 '25 Earnings Preview. ➡For full post check the link in my bio. #shipping #shiptwit #drybulk $SBLK $GOGL $GNK $SHIP $HSHP $DSX $SB $BELCO.OL $EDRY $BDRY $HSHP.OL $USEA"  
[X Link](https://x.com/lzab1453/status/1942889467699687931)  2025-07-09T10:12Z [----] followers, [----] engagements


"@2_contango sure re monthly dividends but I was just referring to extrapolating yearly FCF yields based on current earnings.YTD C5TC is $15946/day so even considering a 40% premium to the index $HSHP has been burning cash"  
[X Link](https://x.com/lzab1453/status/1945808222431961098)  2025-07-17T11:30Z [----] followers, [---] engagements


"Me and my #drybulk exposure lately. $SBLK $GNK $HSHP $SHIP $SB $DSX"  
[X Link](https://x.com/lzab1453/status/1945834648430370999)  2025-07-17T13:15Z [----] followers, [----] engagements


"📈Just published the Q2 '25 Earnings Preview for LPG Tankers. In this post we present an overview of [--] LPG Tanker Companies and what we can expect from their Q2 results. ➡For full post check link in my bio. #shipping #shiptwit #gas #energy $AGAS.OL $BWLPG.OL $BWLP $NVGS $LPG"  
[X Link](https://x.com/lzab1453/status/1947239262690144744)  2025-07-21T10:16Z [----] followers, [----] engagements


"If $AEO added $300m in Mkt Cap overnight on a Sydney Sweeney Ad how much can $ECO add if it renames one of its VLCCs "Nissos Sweeney" #tankers #tankergang #shiptwit $ECO $OET $OET.OL $FRO $DHT"  
[X Link](https://x.com/lzab1453/status/1948300072933818866)  2025-07-24T08:31Z [----] followers, [----] engagements


""Tsakos Energy Navigation linked to double VLCC order at Hanwha Ocean" Investors asking Dr. Tsakos to stop ordering ships and bump up the dividend. #tankers #tankergang #shiptwit $TEN $DHT $ECO $OET $FRO $INSW $NAT $STNG $TRMD"  
[X Link](https://x.com/lzab1453/status/1950177933688963158)  2025-07-29T12:53Z [----] followers, [----] engagements


"@J_M_G_B_ Markets just dont care.you can throw anything at them but they will continue to go up.crazy"  
[X Link](https://x.com/lzab1453/status/1953384501268062664)  2025-08-07T09:15Z [----] followers, [---] engagements


"@christankerfund @SteveMatthews12 yep.so we're saying the same thing 👍"  
[X Link](https://x.com/lzab1453/status/1958520499689914587)  2025-08-21T13:24Z [----] followers, [---] engagements


"@J_M_G_B_ Threat number [---] This threat has the same effectiveness as the EU sanctions package against Russia"  
[X Link](https://x.com/lzab1453/status/1959491130942181396)  2025-08-24T05:41Z [----] followers, [---] engagements


"@J_M_G_B_ projecting spikes as the new normal is a dangerous game.we've seen it before with AHTS VLCCs etc.having said this Suez are doing very well and I am positive"  
[X Link](https://x.com/lzab1453/status/1961342287469752518)  2025-08-29T08:16Z [----] followers, [---] engagements


"Amen to that.very valid for shipping and offshore post [----]. #shiptwit #tankergang #tankers #drybulk $ECO $OET $FRO $SBLK $GNK $SB $DSX $CMRE $LPG $INSW $STNG $ASC $HAFN $DAC $ZIM New Article The worst part of bull markets is the rise of inexperienced people educating other inexperienced people. The worst part of bear markets is perma-bears feeling vindicated after being wrong for a decade or two. https://t.co/Q1dUHUynqu New Article The worst part of bull markets is the rise of inexperienced people educating other inexperienced people. The worst part of bear markets is perma-bears feeling"  
[X Link](https://x.com/lzab1453/status/1962203383621734454)  2025-08-31T17:18Z [----] followers, [----] engagements


"OPEC unwinding another 137kbd in October. #tankers #tankergang $FRO $DHT $ECO $OET $OET.OL $INSW $NAT $TEN 🚨 OPEC+ production cut easing confirmed. Producer group announces [---] kbpd more crude output being added monthly beginning in October and extending through September [----]. https://t.co/n14RMBPi56 🚨 OPEC+ production cut easing confirmed. Producer group announces [---] kbpd more crude output being added monthly beginning in October and extending through September [----]. https://t.co/n14RMBPi56"  
[X Link](https://x.com/lzab1453/status/1964725194796450296)  2025-09-07T16:19Z [----] followers, [----] engagements


"Peer D always outperforming.For a deeper analysis on Crude and Product Tankers' equities check the free report available at #tankers #tankergang #shiptwit $FRO $DHT $ECO $OET $INSW $TEN $NAT $STNG $TRMD $ASC $HAFN $HAFNI.OL $DIS.MI $PXS https://www.nortilus.com/free-research Among crude tankers' owners $OET is the clear outperformer having earned 40% more vs peers in Q2 '25 on Suezmaxes. Looking at its commercial performance is the "Fredriksen premium" justified for $FRO Read for free the full Tankers September Update on https://t.co/nMmjgOH2uD https://t.co/CchN1WnwFK"  
[X Link](https://x.com/lzab1453/status/1964915947686469979)  2025-09-08T04:57Z [----] followers, [----] engagements


"@christankerfund Agree with everything other than Liner.Liner rates are close to Red Sea lows due to the fact that NB deliveries are starting to take their toll and will continue to do so (given the OB is still 30%)"  
[X Link](https://x.com/lzab1453/status/1966515844063637513)  2025-09-12T14:54Z [----] followers, [---] engagements


"Shipping sell-side scrambling to update their TPs #tankers #tankergang #shipping $FRO $DHT $ECO $OET $OET.OL $INSW $TEN $NAT"  
[X Link](https://x.com/lzab1453/status/1967875792245075972)  2025-09-16T08:58Z [----] followers, [----] engagements


"We have yet to see these additional barrels translating in higher exports but surely the setup for crude tankers is getting even more attractive especially considering where rates are now. #oott #tankers $FRO $DHT $ECO $OET $INSW $NAT $TEN $TNK OPEC+ WILL LIKELY RAISE OIL OUTPUT AGAIN IN NOVEMBER AS THE GROUP CONTINUES ITS STRATEGY TO RECLAIM GLOBAL MARKET SHARE PEOPLE FAMILIAR SAID OPEC+ WILL LIKELY RAISE OIL OUTPUT AGAIN IN NOVEMBER AS THE GROUP CONTINUES ITS STRATEGY TO RECLAIM GLOBAL MARKET SHARE PEOPLE FAMILIAR SAID"  
[X Link](https://x.com/lzab1453/status/1972365744374718938)  2025-09-28T18:20Z [----] followers, [----] engagements


"@Rory_Johnston Love the definition "consensus contrarians".so many of them on X and not just limited to crude"  
[X Link](https://x.com/lzab1453/status/1973093896209977565)  2025-09-30T18:33Z [----] followers, [---] engagements


"@J_M_G_B_ I think that other than containers and car carriers the impact for other shipping sectors is minimal"  
[X Link](https://x.com/lzab1453/status/1978353849321529479)  2025-10-15T06:54Z [----] followers, [---] engagements


"@J_M_G_B_ ton miles wise the increase for tankers was minimal contrary to containers and car carriers. Number of transits doesn't tell anything. Clarksons estimated that the positive impact for crude tankers was 0.8% and for product 0.5%"  
[X Link](https://x.com/lzab1453/status/1978424874725937464)  2025-10-15T11:37Z [----] followers, [---] engagements


"@Rory_Johnston At least they were called "tankers" and not "boats""  
[X Link](https://x.com/lzab1453/status/1978899624531223023)  2025-10-16T19:03Z [----] followers, [---] engagements


"@Laz_Cap I haven't looked at $SHLF in any detail but will do. I like $GMS.L because of their simple story (deleveraging) and their focus in MEG which imo is less "volatile" than North Sea and other areas"  
[X Link](https://x.com/lzab1453/status/1643538815179534336)  2023-04-05T08:59Z [----] followers, [---] engagements


"DHT ( $DHT ) The only pure VLCC listed player with a fleet of [--] ships with avg. age of [---] yrs 91% scrubber fitted and 50% ECO. They will install scrubbers on remaining vessels this year. Hist. spot TCE slightly above listed peers (+1.66% since Q [----] and +1.6% last 12m)"  
[X Link](https://x.com/lzab1453/status/1668907111428792321)  2023-06-14T09:03Z [----] followers, [---] engagements


"Euronav ( $EURN ) Euronav has [--] VLCCs with an avg. age of [---] yrs but only 30% are scrubber fitted. Hist Spot TCE in line with listed peers (+1% since Q1 2017) but they have underperformed in the past 12m (-8%). Lack of scrubbers weighing"  
[X Link](https://x.com/lzab1453/status/1668907113475710976)  2023-06-14T09:03Z [----] followers, [---] engagements


"What is the rationale today to invest in crude tankers (with a focus on VLCCs) [--]. Non existent orderbook"  
[X Link](https://x.com/anyuser/status/1676561825855315969)  2023-07-05T12:01Z [----] followers, [----] engagements


"Another fantastic quarter for $FRO beating all expectations in terms of EPSyou pay for quality companies but then they never disappoint $FRO $OET $OET.OL $TRMD"  
[X Link](https://x.com/lzab1453/status/1694591610615427556)  2023-08-24T06:04Z [----] followers, [----] engagements


"$OET with another great fixture.Q4 booked at this amazing rate for Nissos Donoussa. That's why you choose quality Nissos Donoussa (2019 - Modern Scrubber) On Subs (Estimated Voyage CII: A 🟢) USG/Spore Shell Western Supply and Trading Limited Kyklades Maritime (TCE: RV USD 69K @ [--] days / Actual USD 91K @ [--] days) https://t.co/DWjqH80Wry Nissos Donoussa (2019 - Modern Scrubber) On Subs (Estimated Voyage CII: A 🟢) USG/Spore Shell Western Supply and Trading Limited Kyklades Maritime (TCE: RV USD 69K @ [--] days / Actual USD 91K @ [--] days) https://t.co/DWjqH80Wry"  
[X Link](https://x.com/lzab1453/status/1717074536733069348)  2023-10-25T07:04Z [----] followers, [----] engagements


"@OKalleklev Ouch.😂"  
[X Link](https://x.com/lzab1453/status/1720020450716029229)  2023-11-02T10:10Z [----] followers, [---] engagements


"@jsxfreight1 Yep agree re outlook.and esp. for capes you need GDP growth in China (and a loooot of infra spending and RE recovery) it's not enough (like for tankers) the status quo. And even if steel mills are now export focus they're struggling a lot.I think Dry is a mid-'24 story"  
[X Link](https://x.com/lzab1453/status/1720046927432057043)  2023-11-02T11:55Z [----] followers, [---] engagements


"@christankerfund TD3C back above WS [--] and no one cares it seems.I will never understand the logic of this weird correlation between tanker stock prices and oil prices"  
[X Link](https://x.com/anyuser/status/1725187172393718021)  2023-11-16T16:20Z [----] followers, [----] engagements


"📈Below my latest post on Dry Bulk - Sensitivity to Spot Rates - Which companies are more exposed to spot rates in the current volatile markets For full post check the link in my bio. #shipping #shiptwit #drybulk $SBLK $GOGL $GNK $SHIP $HSHP $DSX $SB $BELCO.OL $EDRY $BDRY"  
[X Link](https://x.com/lzab1453/status/1775065625162821767)  2024-04-02T07:39Z [----] followers, [----] engagements


"Looking at [----] EPS sensitivity $USEA $SBLK and $EGLE have the highest spot exposure with $GNK and $GOGL following closely. For Cape-heavy companies $USEA and $SHIP are more sensitive; for each $1k/day change in rates EPS increase/decrease by 10.2% and 2.1% respectively"  
[X Link](https://x.com/lzab1453/status/1775065628467925298)  2024-04-02T07:39Z [----] followers, [---] engagements


"@bim55314916 Im taking in % terms. $USEA has [--] capes out of an [--] vessels fleet ie 40%. $DAC (since you mentioned it) has [--] (+2 to be delivered) out of [--] ships on the water ie 9%"  
[X Link](https://x.com/lzab1453/status/1775618068443512968)  2024-04-03T20:15Z [----] followers, [---] engagements


"@2_contango I was waiting for the next post on VLCCs Very Large Champagne Carriers"  
[X Link](https://x.com/anyuser/status/1794637403958988869)  2024-05-26T07:51Z [----] followers, [---] engagements


"@ed_fin @seanvestments @staunovo"  
[X Link](https://x.com/lzab1453/status/1808802381393477974)  2024-07-04T09:57Z [----] followers, [---] engagements


"@ed_fin ZIM"  
[X Link](https://x.com/lzab1453/status/1841478759808909435)  2024-10-02T14:02Z [----] followers, [----] engagements


"$STNG #tankers #tankergang #shipping"  
[X Link](https://x.com/lzab1453/status/1851251667523481604)  2024-10-29T13:16Z [----] followers, [----] engagements


"Do you want to know the reason why $GOGL is down 15% on the Saverys news This is the secret banks won't tell you. #shiptwit #drybulk #shipping $GOGL $CMBT"  
[X Link](https://x.com/anyuser/status/1897344024631222416)  2025-03-05T17:50Z [----] followers, [----] engagements


"$HSHP 45% outperformance vs C5TC index in February.wow $HSHP #drybulk #shiptwit"  
[X Link](https://x.com/anyuser/status/1897926451124445666)  2025-03-07T08:25Z [----] followers, [----] engagements


"Fully agree with you especially considering $ECO has always outperformed $FRO on all metricsmy bet is this divergence is liquidity drivenmore generalists going long tankers as part of wider strategies (around sanctions etc).and by doing so they prioritize go to names like $FRO which are also more liquid https://twitter.com/i/web/status/1953061889614700575 https://twitter.com/i/web/status/1953061889614700575"  
[X Link](https://x.com/lzab1453/status/1953061889614700575)  2025-08-06T11:53Z [----] followers, [---] engagements


"Is it $ECO $OET $FRO $DHT $INSW $TEN #tankers #tankergang #shiptwit Nissos Rhenia (2019 - Modern Scrubber) On Subs (Estimated Voyage CII: B 🟢) Petrobras Kyklades Maritime (TCE: RV USD 50K @ [--] days / Actual USD 51K @ [--] days) https://t.co/l5kO1V1zA9 Nissos Rhenia (2019 - Modern Scrubber) On Subs (Estimated Voyage CII: B 🟢) Petrobras Kyklades Maritime (TCE: RV USD 50K @ [--] days / Actual USD 51K @ [--] days) https://t.co/l5kO1V1zA9"  
[X Link](https://x.com/lzab1453/status/1960077469479800978)  2025-08-25T20:30Z [----] followers, [----] engagements


"Backlog in April [----] was $459m now it's $517m. In April [----] we had [--] JUs with expiring contracts in the coming [--] quarters + another [--] with extension option to be exercised. In April [----] you had [--] options to be exercised + [--] other JUs with contracts expiring in Q1 '26. I really don't see what your point is. I guess we shall revisit this in the coming 4-5 months when new contracts will be announced"  
[X Link](https://x.com/lzab1453/status/1965689650204360890)  2025-09-10T08:11Z [----] followers, [---] engagements


"Leaving aside VLCCs which are on fire interesting to note how Suezmaxes (as per Baltic) have been steady at around $60k/day since early August. And which company has massively outperformed peers on Suezmaxes in the past It will be interesting to see Q3 actual TCEs and Q4 guidance reported by $OET. (TCE performance data from @Nortilus) #tankers #tankergang $OET $ECO $FRO $NAT $INSW $TNK"  
[X Link](https://x.com/lzab1453/status/1967630597041561706)  2025-09-15T16:44Z [----] followers, [----] engagements


"@nrg_shipping $CMBT reports Suezmax spot rates on a load-to-discharge basis so not really comparable with peers"  
[X Link](https://x.com/lzab1453/status/1967655366755545531)  2025-09-15T18:22Z [----] followers, [---] engagements


"@ProVnone Fully agree.I'm not your typical supercycle guy 😅.just saying that $OET has consistently outperformed peers on Suezmaxes"  
[X Link](https://x.com/lzab1453/status/1967661710803865829)  2025-09-15T18:48Z [----] followers, [---] engagements


"@joeriwestland @2_contango Agree that CMBT is very interesting.although I'm not a big fan of the Saverys I'm long too. If the mkt helps and they don't splash more cash on NBs the upside is there"  
[X Link](https://x.com/lzab1453/status/1967885512531906569)  2025-09-16T09:37Z [----] followers, [---] engagements


"Despite an older fleet $SHIP outperformed $GNK capes in the two "weak quarters" and historically has always outperformed the C5TC. The company also has improved their shareholder friendliness both in terms of returns and governance but continues to trade at a massive discount to NAV vs peers. Check the free report on Dry Bulk equities at #shipping #shiptwit #drybulk $SBLK $GOGL $GNK $SHIP $HSHP $DSX $SB $BELCO.OL $EDRY $BDRY $HSHP.OL $USEA https://nortilus.com/free-research $HSHP and [----] stand out for their outperformance vs peers thanks to their modern Nuke fleet. In a rising Cape mkt we'd"  
[X Link](https://x.com/lzab1453/status/1970927332920590718)  2025-09-24T19:04Z [----] followers, [----] engagements


"The below is valid not just for TNK.looking at consensus for some of these tanker names estimates for Q3 (also Q4 but to a lesser extent) they seem way off. #tankers #tankergang $OET $ECO $FRO $NAT $INSW $TNK $STNG $TRMD $ASC $PXS $DIS.MI $HAFNI.OL $HAFN Having checked consensus estimates for Q3 earnings we think that some are completely off especially for crude and product tankers.let's take TNK as an example. Consensus has Q3 '25 EPS at $1.16 based on the company update back on 31st July when they had booked 42% of Q3 Having checked consensus estimates for Q3 earnings we think that some are"  
[X Link](https://x.com/lzab1453/status/1975157549449306524)  2025-10-06T11:13Z [----] followers, [----] engagements


"Considering where Suezmaxes are trading now this could push rates even higher now. I wonder if there's a company that has historically traded LEGALLY Suez on Russian trades (earning massive premiums).I can think of one #tankers $FRO $ECO $OET $NAT $INSW $TEN $DHT $TNK Game On https://t.co/IQrOGFjfbn Game On https://t.co/IQrOGFjfbn"  
[X Link](https://x.com/lzab1453/status/1978844644424196183)  2025-10-16T15:25Z [----] followers, [----] engagements


"@freightbull1 $HSHP what's that you need to go down the value chain. $SHIP"  
[X Link](https://x.com/lzab1453/status/1978853158563536916)  2025-10-16T15:58Z [----] followers, [---] engagements


"That feeling when VLCCs are ripping and we're just in mid-October. #tankers #tankergang $DHT $FRO $ECO $OET $INSW $NAT $TEN"  
[X Link](https://x.com/lzab1453/status/1979577830595018904)  2025-10-18T15:58Z [----] followers, [----] engagements


"@ShanghaiMacro China has always used fixed-asset investments to inflate GDP growth.they know the game (and how it works) very well"  
[X Link](https://x.com/lzab1453/status/1980214933519519824)  2025-10-20T10:10Z [----] followers, [---] engagements


"If VLCC rates become too hot I suggest to apply some VLCC sunscreen. It protects the investor during strong seasonal Q4s and also protects against sudden increases in consensus' estimates. #tankers #tankergang $FRO $DHT $OET $ECO $INSW $TEN $NAT"  
[X Link](https://x.com/lzab1453/status/1980253042499842551)  2025-10-20T12:41Z [----] followers, [----] engagements


"More than Q3 results which should still be a nice beat vs consensus I'm personally looking forward to Q4 guidance for crude tankers (given where rates currently are). We might be in for some nice surprises. #shiptwit #shipping #tankers #tankergang $OET $ECO $FRO $NAT $INSW $TNK $TEN $DHT ⚓Crude Tankers - Q3 '25 Earnings Preview⚓ Download for free our Q3 '25 EPS estimates for [--] Crude Tanker companies at https://t.co/RYgyXyxQiF #shiptwit #shipping #tankers #tankergang $OET $ECO $FRO $NAT $INSW $TNK $TEN $DHT https://t.co/YPPXmQ2KoW ⚓Crude Tankers - Q3 '25 Earnings Preview⚓ Download for free our"  
[X Link](https://x.com/lzab1453/status/1980602620948484499)  2025-10-21T11:50Z [----] followers, [----] engagements


"@Oriol_Mad @christankerfund yep.that a worsening economy a trade war which will surely restart and a 30% orderbook"  
[X Link](https://x.com/lzab1453/status/1988480466282819777)  2025-11-12T05:34Z [----] followers, [---] engagements


"@christankerfund @Oriol_Mad I know as much as you do.how can you say with absolutely certainty the trade war will not restart Are tariffs lower than pre-Liberation day"  
[X Link](https://x.com/lzab1453/status/1988618339518763219)  2025-11-12T14:42Z [----] followers, [---] engagements


"@christankerfund @Oriol_Mad on the economy strength you can look at jobs data consumer confidence credit card delinquencies etc.tons of data providers out there"  
[X Link](https://x.com/lzab1453/status/1988619676595761517)  2025-11-12T14:47Z [----] followers, [---] engagements


"And I was just told that thinking that the trade war may restart was stupid/crazy. #shipping #drybulk $SBLK $GNK $SHIP $EDRY $BDRY $CMBT $HSHP China not buying soybeans again 💀 https://t.co/ZBsdLAtJxP China not buying soybeans again 💀 https://t.co/ZBsdLAtJxP"  
[X Link](https://x.com/lzab1453/status/1988624148243874211)  2025-11-12T15:05Z [----] followers, [---] engagements


""If I'm the only one ordering I'll earn crazy returns in few years time.why shouldn't I order more ships.let the other be disciplined" #tankers #tankergang $DHT $FRO $OET $ECO $INSW $NAT $TNK Every time. https://t.co/LrMVyProUi Every time. https://t.co/LrMVyProUi"  
[X Link](https://x.com/lzab1453/status/1988632600156524737)  2025-11-12T15:38Z [----] followers, [----] engagements


"And I was just told that thinking that the trade war will surely restart was stupid/crazy. #shipping #drybulk $SBLK $GNK $SHIP $EDRY $BDRY $CMBT $HSHP China not buying soybeans again 💀 https://t.co/ZBsdLAtJxP China not buying soybeans again 💀 https://t.co/ZBsdLAtJxP"  
[X Link](https://x.com/lzab1453/status/1988633151858434345)  2025-11-12T15:41Z [----] followers, [---] engagements


"@christankerfund Thanks for pointing that out I amended the post so it's clear.I've no issue being proven wrong"  
[X Link](https://x.com/lzab1453/status/1988633345471742310)  2025-11-12T15:41Z [----] followers, [--] engagements


"Given Okeanis consistent commercial outperformance this deal can work out but surely the bar is being set quite high to get a high return from these assets. #shipping #tankers #tankergang $OET $ECO $FRO $NAT $INSW $TNK $TEN Tons of opinions out there about Okeanis' transaction to buy [--] NB Suezmaxes for prompt delivery (Jan '26) by using a combination of debt and shares. So we will also share our view. #shipping #tankers #tankergang $OET $ECO $FRO $NAT $INSW $TNK $TEN Tons of opinions out there about Okeanis' transaction to buy [--] NB Suezmaxes for prompt delivery (Jan '26) by using a"  
[X Link](https://x.com/lzab1453/status/1991075289300860959)  2025-11-19T09:25Z [----] followers, [----] engagements


"@contang_o I think the thesis from here should be based on cash flows more than NAVs given how elevated prices have been for more than a year now (same for dry imo)"  
[X Link](https://x.com/lzab1453/status/1992165190553718860)  2025-11-22T09:36Z [----] followers, [--] engagements


"Sometimes they (the analysts) just say things. #tankers #tankergang $FRO Weve clearly hit that stage of the cycle when analysts start putting out takes like this. $FRO https://t.co/5ZDYzGNaEy Weve clearly hit that stage of the cycle when analysts start putting out takes like this. $FRO https://t.co/5ZDYzGNaEy"  
[X Link](https://x.com/lzab1453/status/1992888491437703619)  2025-11-24T09:30Z [----] followers, [----] engagements


"@a1b1c67eudhhd @ToffCap Agree they're listed on the wrong exchange.they should have been listed in Oslo Saudi Arabia or US where you have more sophisticated investors"  
[X Link](https://x.com/lzab1453/status/1995740933619335660)  2025-12-02T06:24Z [----] followers, [--] engagements


"Sometimes they just say things. #shiptwit #drybulk #capesize #shipping $GNK $DSX $SB $EDRY $USEA $SHIP $SBLK $HSHP"  
[X Link](https://x.com/lzab1453/status/1996926460351623333)  2025-12-05T12:55Z [----] followers, [---] engagements


"JUST IN: NASDAQ moving forward with 24/7 stock trading expected to have 24h trading on weekdays by Q2. JUST IN: NASDAQ moving forward with 24/7 stock trading expected to have 24h trading on weekdays by Q2"  
[X Link](https://x.com/lzab1453/status/2000887245025501410)  2025-12-16T11:14Z [----] followers, [----] engagements


"@DA28030 and how much of those EPS are going into shareholders' pockets instead of fleet expansion Re Clarksons they've been wrong quite often lately.wouldn't rely on that too much"  
[X Link](https://x.com/lzab1453/status/2003489244862664894)  2025-12-23T15:33Z [----] followers, [---] engagements


"A reminder that FFAs like any other future contract are a poor prediction of what the future will hold (both on the way up and down).this time is no differentVLCCs could be [----] or [------] next week but that does not depend on any way from FFAs today.e.g. how many times were interest rate swaps an accurate predictor of actual rates #tankers $FRO $OET $ECO $DHT $TNK https://twitter.com/i/web/status/2009276383717892158 https://twitter.com/i/web/status/2009276383717892158"  
[X Link](https://x.com/lzab1453/status/2009276383717892158)  2026-01-08T14:49Z [----] followers, [----] engagements


"Q4 Earnings Season has officially started.in the coming weeks we will publish earnings previews on [--] companies under our coverage spanning across crude and product tankers LPG containers offshore services and offshore drilling. #shiptwit #drybulk #capesize #shipping $GNK $DSX $SB $EDRY $USEA $SHIP $SBLK $HSHP $CMBT $CMDB Earnings season is here Our Q4 [--] earnings preview for the [--] dry bulk names we cover is now live. Get full sector commentary earnings estimates and access to the complete Nortilus platform including our live analytics data with a two-week free trial at"  
[X Link](https://x.com/lzab1453/status/2010680316164297073)  2026-01-12T11:48Z [----] followers, [----] engagements


"$GMS.L offshore services player in the niche liftboats sector which is not volatile as drillers or PSV/OSV owners (like $BORR $TDW $RIG $VAL etc). It is one of the leaders in the Middle East market with ca. 90% of revenues deriving from Aramco Qatar and ADNOC; already contracted most of [----] with legacy contracts that will be renewed at current higher rates. Trading at a ridiculous valuation of 3-4x EV/EBITDA. Until earlier this year it was a deleverage story now they'll start paying a dividend + buybacks and imo the end-game here is that someone will come and buy this thing out"  
[X Link](https://x.com/lzab1453/status/1995505976275820995)  2025-12-01T14:51Z [----] followers, [----] engagements


"The only due diligence needed on Gulf Marine Services.boats with legs are sexy. #offshore #oott #shiptwit $BORR $SDRL $RIG $ODL.OL $ODL $VAL $ENH.OL $GMS $GMS.L $TDW $DOFG.OL $SOFF.OL Yesterday Gulf Marine Services announced the award of an extension to an existing contract for two of its liftboats operating in the Arabian Gulf. The client is a NOC (i.e. either Saudi Aramco ADNOC or Qatar Energy) and the new extension will span for six years in aggregate. https://t.co/RP6mxS20Hu Yesterday Gulf Marine Services announced the award of an extension to an existing contract for two of its liftboats"  
[X Link](https://x.com/lzab1453/status/2016809182637220308)  2026-01-29T09:42Z [----] followers, [----] engagements


"by either owning power plants or by replacing NG feedstock with cheaper fuel oil (like Motor Oil) Disclosure: long $SRS.MI $ELPE.AT $MOH.AT $PBF No Investment Advice. Just expressing my opinions"  
[X Link](https://x.com/lzab1453/status/1567140696305373184)  2022-09-06T13:20Z [----] followers, [--] engagements


"$ELPE.AT Helleniq Energy (ex-Hellenic Petroleum) Q3 results are out and imo very interesting. The company has a mkt cap of 2.1b and reported adj. EBITDA of 504m for Q3. IFRS reported EBITDA was 329m. Net Debt decreased by 20% to 1.6b. Company has a div. yield of 10%"  
[X Link](https://x.com/lzab1453/status/1590774652611067904)  2022-11-10T18:33Z [----] followers, [--] engagements


"Given the above I expect the company to generate (base case) 700m EBITDA in Q4 meaning it trades at 0.9x multiple of Mkt.Cap/'22 EBITDA and 0.7x Net Debt/'22 EBITDA. Disclosure: I am long $ELPE.AT and other European refiners. $MOH.AT $SRS.MI $PBF $VLO"  
[X Link](https://x.com/lzab1453/status/1590774665101787142)  2022-11-10T18:33Z [----] followers, [--] engagements


"Dont you think crude tankers are overvalued at current prices #tankers #tankergang $OET $ECO $FRO $NAT $INSW $TNK"  
[X Link](https://x.com/lzab1453/status/1987448859157500253)  2025-11-09T09:15Z [----] followers, [----] engagements

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