Market Cap N/A
Revenue (ttm) N/A
Net Income (ttm) N/A
EPS (ttm) N/A
PE Ratio N/A
Forward PE N/A
Profit Margin N/A
Debt to Equity Ratio N/A
Volume N/A
Avg Vol N/A
Day's Range N/A - N/A
Shares Out N/A
Stochastic %K N/A
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Analysts N/A
Price Target N/A

Company Profile

Freight Futures reflect market expectations for the future cost of transporting crude oil. Each Reference index is published each United Kingdom business day by the London-based Baltic Exchange Ltd. and measures the charter rate for shipping crude oil in a specific size category of cargo ship and for a specific route.

Phone: (908) 897-0510
ivanhoff
ivanhoff Jun. 3 at 5:06 PM
The 5 best-performing ETFs of the past year: $MUU 6000% (2x long Micron), $KORU 2080% (3x long S Korea), $BWET 1800% (Tanker shipping), $INTW 1600% (2x long Intel), $SOXL 1420% (3x long semis).
6 · Reply
GetOut
GetOut Jun. 3 at 4:45 PM
$BWET Just bought some shares and then saw the spread. Glad I'm not planning to day trade this one.
1 · Reply
TheArtOfFinancialWar
TheArtOfFinancialWar Jun. 3 at 12:08 AM
$BWET generals and gentlemen: we don’t always need to risk it in stocks to get 1,000% (yes $SNDK was a great home run that we got, but why not do a safe ETF instead)? So, my hedge fund will recommend such BWET ETF to clients who are conservative. You can still beat the market with plenty of home run using a sector ETF. The key is tremendous attunement to the seasonality and circularity of the Irrationality Engine that is Mr. Market. Anyhow I will point out the next ETF that will beat $SPY (previously I pointed to $TAN and $USO ). NOTE: there are some speculations that I will NEVER disclose in advance. Anyway gotta go, harem waiting . What good is money if you don’t enjoy your youth? 🫡. @mhparvez @LetsGoMets107 @TaoistTrader @BIgBill374
2 · Reply
Ro_Patel
Ro_Patel May. 27 at 3:27 PM
Day 90 - US/Israel - Iran War Iranian Media: A new Iranian draft peace proposal says American military forces will withdraw from Iran’s “surrounding environment” & the naval blockade will be lifted. In return, Iran has committed to allowing the number of commercial vessels, within 1 month, to return to the pre-war level. The management & transit of this strategic lane will be in coordination with Iran and Oman Deputy secretary of Iran’s Supreme National Security Council: “The conditions and procedures for passing through the Strait of Hormuz will be completely different from the conditions before the conflict over Iran began,” adding that Iran & Oman are currently negotiating how the waterway will be managed. He has again restated Iran’s position that the fate of its highly enriched uranium is off limits in the current talks with the US A final agreement will be reached within a 60-day period & will be approved by the UN Security Council The White House later called the Iran news reports describing the framework a “total fabrication” Israeli media reports suggest the US has vetoed all-out attacks on Beirut that could derail the ceasefire talks w/ Iran. With Beirut off-limits by apparent US decree, Israel is reverting to another tactic to inflict pain on the people of Lebanon – mass displacement orders. The latest order targeted the ancient, coastal city of Tyre & its surrounding suburbs – one of the most populous areas in the south. Israel has issued about 50 forced displacement orders for Lebanese towns & villages over the past 24 hours, as well as a blanket displacement order for the entire city of Nabatieh Israel’s military says it carried out attacks on more than 150 “Hezbollah sites” over the past day South Korea says Iranian missile likely hit container ship in Hormuz $USO $XLE $XOP $OIH $BWET
0 · Reply
Ro_Patel
Ro_Patel May. 26 at 3:39 PM
A US official denied that the US had resumed escorting ships & renewed “Operation Freedom” in the Strait of Hormuz, contrary to a WSJ report Iran’s Islamic Revolutionary Guard Corp says it “downed” a US Reaper drone that entered it airspace US forces attacked missile launch sites and mine-laying vessels in southern Iran in what a US military spokesman described as “self-defence” strikes 8 Israeli air strikes have hit the southern Lebanese town of Khirbet Selm in Bint Jbeil districts. In a separate incident, a drone strike hit a car in the same town killing one man. Israeli air raids were also reported on the towns of Touline in Marjayoun district, Maarakeh in the Tyre district, and Hadatha in the Bint Jbeil district Mohammad Bagher Ghalibaf, parliament speaker & head of Iran’s negotiating delegation, returned from Qatar to Iran about an hour ago A senior spokesperson for Iran’s armed forces has warned that any resumption of US and Israeli air strikes on Iran would meet a “heavier” and “stronger” retaliation. “If the region enters another round of war, Iran’s response will extend beyond regional borders and will be much heavier and stronger" Progress in the 60-day MOU major sticking points that remain: 1) Iran’s highly enriched uranium – what to do w/ the more than 400kg stockpile & the future of its nuclear facilities & enrichment 2) ran’s ballistic programme, sanctions relief, & the potential release of billions of dollars in frozen Iranian assets. 3) Israel’s invasion of Lebanon – there are questions whether a potential US-Iran deal will include a halt in hostilities in Lebanon, which the Israeli army has attacked w/ renewed intensity in the past few days $XLE $USO $OIH $BWET $DBA
0 · Reply
Ro_Patel
Ro_Patel May. 26 at 3:22 AM
US forces said they have attacked missile launch sites and mine-laying vessels in southern Iran, in what a US military spokesman described as “self-defence” strikes. Earlier, Iranian media reported explosions in the southern port city of Bandar Abbas. Iran’s Foreign Ministry spokesman cautioned that Iran & the US “have reached a conclusion on a large portion of the discussion topics”, but warned that “this does not mean that the signing of an agreement is imminent.” Iran & the US have not been “talking about the nuclear issue”& their focus is “on ending the war”, which began on February 28. He reiterated that there are, however, “no guarantees” that the US would honour its commitments in any potential deal and said Tehran does not care about “threats”. President Trump said an agreement w/ Iran to end the war should involve regional powers – including Saudi Arabia, Pakistan & Turkiye – signing onto the Abraham Accords to normalise relations with Israel Israeli PM Netanyahu has ordered “strong blows” against Hezbollah in Lebanon, saying his country is “at war” with the armed group. Netanyahu has said that Israel will ramp up attacks against Hezbollah, despite the recent “ceasefire” extension agreed to b/n Lebanese&Israeli officials. “We will wipe them out completely" Qatar’s Ministry of Foreign Affairs spokesperson has said that rumours of Iran being “offered” a $12B payment to secure an agreement to end the war are being circulated by “parties attempting to sabotage the deal” and “undermine ongoing diplomatic efforts towards regional de-escalation” Rumour: MOU terms being negoiated: - Iran opens the Strait & has 30-day window to clears mines - Ships to pass freely - no tolls for 60-days - Tehran will continue to exercise security management over the Strait of Hormuz. - US blockade lifted - US sanction relief & unfreezing assets - phased process strictly tied to Iran's performance on its commitments - Commitment to ending all military ops on every front, including Lebanon - Cease-fire would extend for another 60-days - Iran won't develop nuclear weapons & enriched uranium for 60-days - Iran enters immediate negotiations to completely surrender, dilute, or remove its existing stockpile of highly enriched uranium Basically, the terms of this MOU mirrors the JCPOA that the President Trump broke in his first term w/ Tehran. Note that this a 60-day MOU & not an actual agreement or peace treaty - it is a 60‑day confidence‑building framework, not a final deal $USO $XLE $UNG $BWET $DBA
0 · Reply
MisterSplashyPants
MisterSplashyPants May. 24 at 2:48 PM
$BWET $BOAT $USO $WTI With all the attention on the Strait of Hormuz, vessel traffic in the Strait of Bab el-Mandeb has been at their lows since 2024:
2 · Reply
Ro_Patel
Ro_Patel May. 22 at 5:22 PM
China’s petroleum demand have collapsed, from a more than -40% reduction in crude imports to the steepest contraction in domestic Chinese refining activity since COVID-zero in 2022 Demand destruction??? - minimal signs of true demand destruction, w/ flights, truck traffic, & road congestion indices across China remain highly robust & healthy. End-user fuel usage has not cratered in tandem w/ refining numbers Is China supporting the market vis releases from its SPR??? Because imports fell by -4.5Mbpd but refining only fell by -2Mbpd, a massive supply gap exists - By drawing on its est'd 1.2+B barrel national stockpile, China is cushioning the broader Asian market from absolute scarcity Note: The global market is not actually shedding demand; it is merely consuming invisible emergency stocks. This masks the true severity of the Strait of Hormuz deficit, which has severed nearly 20% of global energy supply The heavy drawdown shields China's domestic economy from the immediate financial fallout of the Iran War, allowing its transport, manufacturing, & freight sectors to run smoothly. Caution: The moment China's aggressive SPR support is exhausted or withdrawn, Beijing will be forced back onto the open seaborne market. This sudden return of massive Chinese bidding pressure will trigger a violent upward price squeeze late in the year $FXI $USO $XLE $OIH $BWET
1 · Reply
Ro_Patel
Ro_Patel May. 21 at 2:45 PM
Iran’s Foreign Ministry spokesperson Esmaeil Baghaei said Tehran was reviewing Washington’s latest response to a proposed ceasefire framework after several rounds of message exchanges mediated by Pakistan Rumour: Tehran is hardening its stance on US demands - Iran's Supreme Leader has issued a directive that the country's near-weapons-grade uranium should not be sent abroad - White House denying this Iranian envoy says Iran & Oman are discussing a permanent Hormuz toll Iran’s new Persian Gulf Strait Authority has announced the establishment of a “supervision area” in the Strait of Hormuz that requires a permit for transit, stating that “passage without permission will be considered illegal” US CENTCOM forces have redirected 94 commercial vessels & disabled 4 while enforcing the blockade to prevent the flow of commerce into & out of Iranian ports France has dismissed the idea of NATO playing a ⁠role in an international mission ⁠to enable freedom of navigation in the Strait of Hormuz Isreal right-wing political establishment itching to go to war - right-wing Israeli Channel 14 blurted out confidential plans about a renewed attack on Tehran. Israeli media reported that PM Netanyahu chaired the second meeting of his security cabinet to discuss renewing the conflict. Opposition leader Yair Lapid & former PM Naftali Bennett have used the ceasefire as political currency in their attacks on PM Netanyahu. Lapid described the truce as one of the greatest “political disasters in all of our history”, a view that appears to be in line with that of the Israeli public. President Trump & Israeli PM Netanyahu discussed effort to reach a deal w/ Iran in a difficult call on Tuesday w/ source saying Netanyahu's "hair was on fire" after the call $USO $UNG $DBA $BWET $ITA
0 · Reply
chromeal5
chromeal5 May. 20 at 4:21 PM
$BWET Trump's plan was to corner the oil market but he didn't even know a oil tanker doesn't fit through the Panama Canal. What a fucking idiot. It takes 20 days longer, 1 way to get to Asia than from the Gulf.
0 · Reply
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ivanhoff
ivanhoff Jun. 3 at 5:06 PM
The 5 best-performing ETFs of the past year: $MUU 6000% (2x long Micron), $KORU 2080% (3x long S Korea), $BWET 1800% (Tanker shipping), $INTW 1600% (2x long Intel), $SOXL 1420% (3x long semis).
6 · Reply
GetOut
GetOut Jun. 3 at 4:45 PM
$BWET Just bought some shares and then saw the spread. Glad I'm not planning to day trade this one.
1 · Reply
TheArtOfFinancialWar
TheArtOfFinancialWar Jun. 3 at 12:08 AM
$BWET generals and gentlemen: we don’t always need to risk it in stocks to get 1,000% (yes $SNDK was a great home run that we got, but why not do a safe ETF instead)? So, my hedge fund will recommend such BWET ETF to clients who are conservative. You can still beat the market with plenty of home run using a sector ETF. The key is tremendous attunement to the seasonality and circularity of the Irrationality Engine that is Mr. Market. Anyhow I will point out the next ETF that will beat $SPY (previously I pointed to $TAN and $USO ). NOTE: there are some speculations that I will NEVER disclose in advance. Anyway gotta go, harem waiting . What good is money if you don’t enjoy your youth? 🫡. @mhparvez @LetsGoMets107 @TaoistTrader @BIgBill374
2 · Reply
Ro_Patel
Ro_Patel May. 27 at 3:27 PM
Day 90 - US/Israel - Iran War Iranian Media: A new Iranian draft peace proposal says American military forces will withdraw from Iran’s “surrounding environment” & the naval blockade will be lifted. In return, Iran has committed to allowing the number of commercial vessels, within 1 month, to return to the pre-war level. The management & transit of this strategic lane will be in coordination with Iran and Oman Deputy secretary of Iran’s Supreme National Security Council: “The conditions and procedures for passing through the Strait of Hormuz will be completely different from the conditions before the conflict over Iran began,” adding that Iran & Oman are currently negotiating how the waterway will be managed. He has again restated Iran’s position that the fate of its highly enriched uranium is off limits in the current talks with the US A final agreement will be reached within a 60-day period & will be approved by the UN Security Council The White House later called the Iran news reports describing the framework a “total fabrication” Israeli media reports suggest the US has vetoed all-out attacks on Beirut that could derail the ceasefire talks w/ Iran. With Beirut off-limits by apparent US decree, Israel is reverting to another tactic to inflict pain on the people of Lebanon – mass displacement orders. The latest order targeted the ancient, coastal city of Tyre & its surrounding suburbs – one of the most populous areas in the south. Israel has issued about 50 forced displacement orders for Lebanese towns & villages over the past 24 hours, as well as a blanket displacement order for the entire city of Nabatieh Israel’s military says it carried out attacks on more than 150 “Hezbollah sites” over the past day South Korea says Iranian missile likely hit container ship in Hormuz $USO $XLE $XOP $OIH $BWET
0 · Reply
Ro_Patel
Ro_Patel May. 26 at 3:39 PM
A US official denied that the US had resumed escorting ships & renewed “Operation Freedom” in the Strait of Hormuz, contrary to a WSJ report Iran’s Islamic Revolutionary Guard Corp says it “downed” a US Reaper drone that entered it airspace US forces attacked missile launch sites and mine-laying vessels in southern Iran in what a US military spokesman described as “self-defence” strikes 8 Israeli air strikes have hit the southern Lebanese town of Khirbet Selm in Bint Jbeil districts. In a separate incident, a drone strike hit a car in the same town killing one man. Israeli air raids were also reported on the towns of Touline in Marjayoun district, Maarakeh in the Tyre district, and Hadatha in the Bint Jbeil district Mohammad Bagher Ghalibaf, parliament speaker & head of Iran’s negotiating delegation, returned from Qatar to Iran about an hour ago A senior spokesperson for Iran’s armed forces has warned that any resumption of US and Israeli air strikes on Iran would meet a “heavier” and “stronger” retaliation. “If the region enters another round of war, Iran’s response will extend beyond regional borders and will be much heavier and stronger" Progress in the 60-day MOU major sticking points that remain: 1) Iran’s highly enriched uranium – what to do w/ the more than 400kg stockpile & the future of its nuclear facilities & enrichment 2) ran’s ballistic programme, sanctions relief, & the potential release of billions of dollars in frozen Iranian assets. 3) Israel’s invasion of Lebanon – there are questions whether a potential US-Iran deal will include a halt in hostilities in Lebanon, which the Israeli army has attacked w/ renewed intensity in the past few days $XLE $USO $OIH $BWET $DBA
0 · Reply
Ro_Patel
Ro_Patel May. 26 at 3:22 AM
US forces said they have attacked missile launch sites and mine-laying vessels in southern Iran, in what a US military spokesman described as “self-defence” strikes. Earlier, Iranian media reported explosions in the southern port city of Bandar Abbas. Iran’s Foreign Ministry spokesman cautioned that Iran & the US “have reached a conclusion on a large portion of the discussion topics”, but warned that “this does not mean that the signing of an agreement is imminent.” Iran & the US have not been “talking about the nuclear issue”& their focus is “on ending the war”, which began on February 28. He reiterated that there are, however, “no guarantees” that the US would honour its commitments in any potential deal and said Tehran does not care about “threats”. President Trump said an agreement w/ Iran to end the war should involve regional powers – including Saudi Arabia, Pakistan & Turkiye – signing onto the Abraham Accords to normalise relations with Israel Israeli PM Netanyahu has ordered “strong blows” against Hezbollah in Lebanon, saying his country is “at war” with the armed group. Netanyahu has said that Israel will ramp up attacks against Hezbollah, despite the recent “ceasefire” extension agreed to b/n Lebanese&Israeli officials. “We will wipe them out completely" Qatar’s Ministry of Foreign Affairs spokesperson has said that rumours of Iran being “offered” a $12B payment to secure an agreement to end the war are being circulated by “parties attempting to sabotage the deal” and “undermine ongoing diplomatic efforts towards regional de-escalation” Rumour: MOU terms being negoiated: - Iran opens the Strait & has 30-day window to clears mines - Ships to pass freely - no tolls for 60-days - Tehran will continue to exercise security management over the Strait of Hormuz. - US blockade lifted - US sanction relief & unfreezing assets - phased process strictly tied to Iran's performance on its commitments - Commitment to ending all military ops on every front, including Lebanon - Cease-fire would extend for another 60-days - Iran won't develop nuclear weapons & enriched uranium for 60-days - Iran enters immediate negotiations to completely surrender, dilute, or remove its existing stockpile of highly enriched uranium Basically, the terms of this MOU mirrors the JCPOA that the President Trump broke in his first term w/ Tehran. Note that this a 60-day MOU & not an actual agreement or peace treaty - it is a 60‑day confidence‑building framework, not a final deal $USO $XLE $UNG $BWET $DBA
0 · Reply
MisterSplashyPants
MisterSplashyPants May. 24 at 2:48 PM
$BWET $BOAT $USO $WTI With all the attention on the Strait of Hormuz, vessel traffic in the Strait of Bab el-Mandeb has been at their lows since 2024:
2 · Reply
Ro_Patel
Ro_Patel May. 22 at 5:22 PM
China’s petroleum demand have collapsed, from a more than -40% reduction in crude imports to the steepest contraction in domestic Chinese refining activity since COVID-zero in 2022 Demand destruction??? - minimal signs of true demand destruction, w/ flights, truck traffic, & road congestion indices across China remain highly robust & healthy. End-user fuel usage has not cratered in tandem w/ refining numbers Is China supporting the market vis releases from its SPR??? Because imports fell by -4.5Mbpd but refining only fell by -2Mbpd, a massive supply gap exists - By drawing on its est'd 1.2+B barrel national stockpile, China is cushioning the broader Asian market from absolute scarcity Note: The global market is not actually shedding demand; it is merely consuming invisible emergency stocks. This masks the true severity of the Strait of Hormuz deficit, which has severed nearly 20% of global energy supply The heavy drawdown shields China's domestic economy from the immediate financial fallout of the Iran War, allowing its transport, manufacturing, & freight sectors to run smoothly. Caution: The moment China's aggressive SPR support is exhausted or withdrawn, Beijing will be forced back onto the open seaborne market. This sudden return of massive Chinese bidding pressure will trigger a violent upward price squeeze late in the year $FXI $USO $XLE $OIH $BWET
1 · Reply
Ro_Patel
Ro_Patel May. 21 at 2:45 PM
Iran’s Foreign Ministry spokesperson Esmaeil Baghaei said Tehran was reviewing Washington’s latest response to a proposed ceasefire framework after several rounds of message exchanges mediated by Pakistan Rumour: Tehran is hardening its stance on US demands - Iran's Supreme Leader has issued a directive that the country's near-weapons-grade uranium should not be sent abroad - White House denying this Iranian envoy says Iran & Oman are discussing a permanent Hormuz toll Iran’s new Persian Gulf Strait Authority has announced the establishment of a “supervision area” in the Strait of Hormuz that requires a permit for transit, stating that “passage without permission will be considered illegal” US CENTCOM forces have redirected 94 commercial vessels & disabled 4 while enforcing the blockade to prevent the flow of commerce into & out of Iranian ports France has dismissed the idea of NATO playing a ⁠role in an international mission ⁠to enable freedom of navigation in the Strait of Hormuz Isreal right-wing political establishment itching to go to war - right-wing Israeli Channel 14 blurted out confidential plans about a renewed attack on Tehran. Israeli media reported that PM Netanyahu chaired the second meeting of his security cabinet to discuss renewing the conflict. Opposition leader Yair Lapid & former PM Naftali Bennett have used the ceasefire as political currency in their attacks on PM Netanyahu. Lapid described the truce as one of the greatest “political disasters in all of our history”, a view that appears to be in line with that of the Israeli public. President Trump & Israeli PM Netanyahu discussed effort to reach a deal w/ Iran in a difficult call on Tuesday w/ source saying Netanyahu's "hair was on fire" after the call $USO $UNG $DBA $BWET $ITA
0 · Reply
chromeal5
chromeal5 May. 20 at 4:21 PM
$BWET Trump's plan was to corner the oil market but he didn't even know a oil tanker doesn't fit through the Panama Canal. What a fucking idiot. It takes 20 days longer, 1 way to get to Asia than from the Gulf.
0 · Reply
Ro_Patel
Ro_Patel May. 20 at 2:53 PM
You moment of zen... Tens of billions spent & thousands killed or injured Day 82 Reporter asked President Trump whether it has taken longer than expected to reach a deal w/ Iran.... President Trump began listing out the durations of other US wars, including in Afghanistan & Vietnam. “I’m in for 3 months & much of it’s been ceasefire. We’re going to give this one shot. I’m in no hurry.” He went on to claim that the US “has essentially taken over” Iran Direct Military Expenditures: $29B Immediate Household Costs: $40+ Billion in Fuel Shock Harvard Kennedy School: Long-term bill will easily hit $1T+ $USO $UGA $DBC.X $DBA $BWET
3 · Reply
Ro_Patel
Ro_Patel May. 20 at 2:39 PM
Iran’s IRGC Navy says 26 vessels, including oil tankers, container ships and other commercial vessels, transited the Strait of Hormuz in the past 24 hours in coordination w/ Iran 3 commercial supertankers carrying a combined 6M barrels of Middle East crude oil have successfully exited the Strait of Hormuz heading to Asian refining hubs Another 100 tankers, however, remain paralyzed in the strait US VP JD Vance: 2 sides have made a “lot of progress” in talks Iran has warned that the Middle East war would spread far beyond the region if the US & Israel resumed their attacks Saudi Arabia's crude output dropped below 7Mbpd in March for the first time in decades UAE ADNOC CEO Sultan Al Jaber says the country moved ahead w/ plans for a new pipeline designed to bypass the Strait of Hormuz, and the project is 50% complete. The new pipeline is expected to double total export capacity by next year from 1.8Mbpd to 3.6Mbpd Energy analysts emphasize that even if the conflict ends immediately, a backlog of structural damages and shuttered upstream infrastructure means market normalization will likely take three to four months and high oil prices are likely to persist. $USO $UGA $UNG - $XLE $BWET
1 · Reply
Ro_Patel
Ro_Patel May. 15 at 3:02 PM
UAE discloses it’s building an additional 2nd pipeline bypassing the Strait of Hormuz The new pipeline will be finished in 2027 & will double the country’s export capacity in Fujairah (the current pipeline has a capacity of 1.5-1.8Mbpd) --- If someone closes the door - build a window!! $USO $XLE $UGA $OIH $BWET
2 · Reply
DrVonSpreckle
DrVonSpreckle May. 15 at 12:02 AM
$NVGS is not trading like the tanker herd. $BWET is the alarm. $HAFN & $BWLP are the visible hand. $TRMD is still the sore joint. NVGS closed through 23.55 to 23.61 while Morgan’s Point keeps getting treated like a footnote. Thats the mistake. BW sold down but stayed over the 10% handle. Navigator bought stock back & has another buyback window open. This is not meme squeeze slop. Its a reclassification read. Gas carrier to gas logistics plus export gate.
0 · Reply
luv1pocket
luv1pocket May. 14 at 9:48 PM
$BWET How did I miss this, I traded $XLE $USO and $BATL. Wonder if this is done, better keep on watch list as a great hedge if oil spikes and futures tank.
1 · Reply
Ro_Patel
Ro_Patel May. 14 at 6:12 PM
Rumour: Iran has begun allowing transit for some China vessels. Also, Japanese Tankers passing thru strait of Hormuz following PM's diplomatic outreach to Tehran WSJ: Saudi Arabia conducted secretive strikes on Iran after Tehran attacked the kingdom's energy facilities & civilian infrastructure. Saudi's air force carried out multiple strikes on targets that included Iranian drone & missile launch sites, President Trump says China President Xi committed not to give Iran military equipment but said China will keep purchasing Iranian oil India cargo vessel ‌carrying livestock from Africa to the UAE was sunk on ​ in waters off the coast of Oman Iranian officials are saying the strait is not fully open and not fully closed. They say it is open to everyone, except their adversaries Iranian Foreign Minister Abbas Araghchi is in India at a BRICS meeting $XLE $USO $BWET $BOAT $BDRY
1 · Reply
DrVonSpreckle
DrVonSpreckle May. 14 at 3:42 PM
$NVGS is the quiet part of this board. $BWET is not leading it. $TRMD is still bleeding. $HAFN $BWLP are mixed. Navigator is pressing while the loud tanker tape stays messy. Thats the tell. Morgan’s Point is the piece most people are skipping. Ethylene export gate, buyback window open, BW still over the 10% handle. The market is staring at ships. This one is starting to trade like the left hand.
0 · Reply
Ro_Patel
Ro_Patel May. 13 at 9:46 PM
US Secretary of State Marco Rubio says the White House is trying to convince Beijing "to play a more active role in getting Iran to walk away from what they’re doing now, and trying to do now, in the Persian Gulf." $USO $FXI $XLE $BWET $GLD
1 · Reply
DrVonSpreckle
DrVonSpreckle May. 12 at 8:47 PM
$BWET update. Closed 174.39 then lifted after hours near 179.67. That is not oil trading clean. That is freight stress still bleeding through after the regular tape shut. The line stays the same. If tanker freight confirms the move lives. If rates roll over the air comes out.
0 · Reply
DrVonSpreckle
DrVonSpreckle May. 12 at 5:55 PM
My 12:30 Take $BWET is not crude. It is tanker freight stress with a ticker on it. Oil matters. The route matters more. If the choke stays tight and freight confirms the board stays alive. If rates roll over or Hormuz normalizes faster than priced the air comes out.
0 · Reply
Ro_Patel
Ro_Patel May. 12 at 5:32 PM
WTI breaking out from trend - above $100 President Trump warns the Iran ceasefire is on “life support" Trump admin has announced new sanctions against Chinese & UAE companies that facilitate Iran’s shipment of crude oil to China - $15M reward offered for info US military’s Central Command says its naval blockade of Iranian ports has redirected 65 commercial vessels and disabled four others. IRGC has indicated it would expand its zone of control around the Strait of Hormuz Gulf producers signal oil infrastructure repairs may stretch into 2027 China’s crude imports posted a hefty 2.4Mbpd m/m decline in April, averaging only 9.25Mbpd & marking the lowest pace of inflows since July 2022 Brazil more than doubled the volume of its oil exports to China (16M metric tons) India's PM urges Indians to work from home, travel less, & conserve fuel. India has artifically preserved same fuel prices since the Iran War by excise tax cuts & by forcing state-run OMCs to absorb losses Turkiye wants return to pre-war situation in Strait of Hormuz $BWET $BOAT $XLE $USO $XOP
0 · Reply
DrVonSpreckle
DrVonSpreckle May. 11 at 10:13 PM
$BWET ran hard today but the final print cooled off. Do not marry the watchlist number. The useful part is the sequence. Paper freight caught bid first, then selected operators started catching some of it. That is still not broad shipping strength. The board is sorting by exposure, not handing out free conviction.
0 · Reply