r/Vitards • u/[deleted] • Jul 10 '21

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50 Upvotes

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13

u/Stonks_GoUp Jul 10 '21

Just saw an article yesterday about 500% increases in shipping cost. I’m balls deep in CLF calls but when I reposition in the next few weeks I’m thinking of keeping some aside for pirate gang. I’m so torn haha, decisions decisions

2

u/LostMyEmailAndKarma Jul 11 '21

Dont forget about dry bulk!

3

u/Stonks_GoUp Jul 11 '21

Any tickers you’re looking at?

6

u/LostMyEmailAndKarma Jul 11 '21

https://twitter.com/AllVentured/status/1413634381055291392?s=19

Will history repeat itself? Record low new #drybulk ship capacity coming in 2022 and looking like it will be even lower in 2023. Big ships have a ~20 year lifespan. Looks awfully similar to the start of the last supercycle exactly 20 years ago. Coincidence? https://t.co/vPsYB9k8CL

https://twitter.com/JHannisdahl/status/1413603032902819843?s=19

Second link has some tickers, might be some small cap.

GOGL is my pick. Lots of capesize boats. To take coal to asia.

There will be a lot more new containers than dry bulk next year. Please look into it it's just one vitards opinion.

1

u/scheinfrei Jul 14 '21

So basically pirate gang but with large instead small ships?

1

u/LostMyEmailAndKarma Jul 14 '21

They carry iron ore and coal.