Mar. 15 at 4:40 PM
PickAlpha Weekend:
One Korean shipowner just showed what wartime positioning looks like when it works. Reuters reports some owners are now commanding as much as
$500,000/day around the Hormuz disruption, and South Korea’s Sinokor had already built a huge VLCC footprint before the war, helping it monetize the tanker squeeze as ships, storage, and route flexibility suddenly became scarce.
Tickers:
$FRO $TNK $STNG
Our view is tanker stocks are still the cleanest way to trade oil chaos without guessing oil direction. If Hormuz stays messy and freight rates remain near crisis highs, these names keep printing; if flows normalize fast, the trade gives back quickly because today’s rates are pure panic money.
