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Ed Finley–Richardson

@ed_fin

More shipping → https://teapawt.org/t.co/vVOpw8ecoE inquiries: [email protected]

 On the high seas
Joined July 2017
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Photo by Ed Finley–Richardson (@ed_fin)Photo by Ed Finley–Richardson (@ed_fin)Photo by Ed Finley–Richardson (@ed_fin)Photo by Ed Finley–Richardson (@ed_fin)Photo by Ed Finley–Richardson (@ed_fin)Photo by Ed Finley–Richardson (@ed_fin)Photo by Ed Finley–Richardson (@ed_fin)Photo by Ed Finley–Richardson (@ed_fin)Photo by Ed Finley–Richardson (@ed_fin)Photo by Ed Finley–Richardson (@ed_fin)
1. Many people have DM’ed me about my Substack + the private X account since last night’s podcast. While the Substack = long-form articles, the private X account has proven incredibly important this week. e.g. Yesterday, I shared new VLCC fixtures most people aren’t seeing:
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Interrogating Atlantic MR reality:
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When you’re loaded up w/ tankers
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Happy Monday ☀️
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2025 LR2 sold to NOC for $120M
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$FRO
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🇻🇪 VZ crude oil exports are growing.
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That ship has sailed ⛵
Open Source Intel (@Osint613) profile pictureOpen Source Intel
@Osint613Oct 24
Iran has offered to reopen the Strait of Hormuz if the United States lifts its blockade on Iranian ports, according to Saudi broadcaster Al Arabiya, citing its own sources. Tehran passed the proposal to Washington through Pakistan.
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Have a good weekend! 🚬🇬🇷
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Offshore shitco “investors” today (had to)
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♦ Suezmax fixed PADD 3/Japan $39M
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“Current bookings imply $DHT Q4 EBITDA 88% above consensus.” — Kristoffer Barth Skeie, Arctic.
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Atlantic MRs +18.5% to $77,893/day today
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“On the LRs: There simply aren’t enough owners willing to T/C. Most want to keep ships in the spot market, and the few who are willing [to charter out] are only willing at unbelievable rates, so the bid-ask spread is just too wide.”
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♦️ 2006 built VLCC sold for $117M
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Atlantic MRs +9% to $65,000/day 🌊
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To be filed under “Not yet a Bloomberg headline but will be when the stocks are +10% higher”
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“In 2025, Brazil accounted for 4.9% of global seaborne crude oil exports. 2026 so far has been even stronger, with exports in Jan-Sep 2026 up +23% y-o-y.” 🇧🇷
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Ed Finley–Richardson retweeted
Javier Blas (@JavierBlas) profile picture
Javier Blas
@JavierBlasOct 21
From the @WSJ: “Persian Gulf oil exports have surpassed prewar levels, as an improvised shipping system under U.S. protection is helping tankers move oil through one of Iran’s fiercest waves of attacks in the Strait of Hormuz.” wsj.com/world/middle-east/mo…
More Oil Is Now Coming Out of the Persian Gulf Than Before the Iran War

More Oil Is Now Coming Out of the Persian Gulf Than Before the Iran War

Experience and big paydays have created a more resilient tanker fleet. Oil traders worry it isn’t sustainable.

wsj.com
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It’s 8:37 AM in Sydney, so time for some coal porn. 🇦🇺
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♦ 2008 built Aframax reported sold for $59M
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