Shipping Stocks: Buy as Much as You Can

by | Apr 23, 2020 | General | 0 comments

More and more investors are being exposed to the oil tanker thesis. Yesterday, CNBC learned about it. Today, Real Money wrote about it.

“Supply and demand. Those two basic economic principles are nowhere more evident than in the market for oil tankers. As Covid-19 lockdowns damage oil demand and worries about crude oil storage options mount, the prices to charter ships that carry both crude and refined products have gone through the roof. The demand for floating storage — renting an oil tanker for the purpose of holding the cargo until oil prices improve — has increased exponentially with the recent plunge in crude oil prices.”

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About Mariusz Skonieczny

Mariusz Skonieczny is the founder of Classic Value Investors.