As 2024 ended, I left the shipping basket on autopilot and let it do its thing. Whether that was a good idea or not, … well, that’s moot at this time. I just have to start working the port and plans going forward.
As we start a new year, I think I may change things around a little. Instead of a new thread at the end of each month, I might just keep everything in one thread, and update the thread towards the end of a given month. That might make it easier to follow what going on with the shipping basket.
So where am I with the basket right now?
Well, the shipping basket flipped to red sometime in Oct 2024, and then progressively got redder. I think right before Christmas was the low point. It has recovered some, but overall still red. A lot of moving parts with the various purchase points and dividend payouts. I think I am okay with starting the year at -11%, and adjusting as losses and gains change the basket. Ugliest position on an unrealized loss basis (prior to div) is likely TRMD. Since I’ve started a clean-up in 2025, LPG on a realized basis. CLCO also got dumped to start 2025.
That leaves
FLNG
TRMD
INSW
FRO
BWLP
LPG
HAFN
ZIM <
GOGL <
TEN-PfdE <
ECO <
ASC <
< entries are each under 5% of shipping basket