Happy New Year! This begins the 2026 version of the shipping theme. This time last year, I was returning from an overseas trip, and the shipping basket (and the overall port) had not been actively managed for several weeks. I mention this, because I had forgotten what happens with the shipping market during Christmas time. The answer is - reporting activity, especially from Greek shipping brokers, becomes quiet through Epiphany. Then activity picks up again. I guess I will just leave off with where the port was at the end of 2025
Yesterday’s developments in Venezuela adds a new wrinkle to 2026.
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01/06 Bounces from a few shipping names including CMBT, LPG, FRO, BWLP. Decided to close out my CMBT stake, and trimmed my TRMD stake in the Roth ac. The LPG bounce is bitter-sweet since I no longer have an LPG stake. LPG was one of those shipping ideas I messed up last year. While the logic for the LPG sell appeared to make sense (two div cuts the first half of 2025). The idea was worth a revisit, after two div hikes moved the div from 50c/sh to 65c/sh. Maybe not the same size stake as it was in 2024, but at least a small one. Anyways, the bounce was at least partially due to an earnings upgrade from Pareto.
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