05/31
The month is complete. The shipping basket has had a good month and I even opted to monetize stakes in a few names
As % of shipping basket
- FLNG 30.49%
- FRO 19.01%
- CLCO 11.45%
- TRMD 11.41%
- LPG 10.79%
- INSW 8.55%
Holdings less than 5% include GOGL, STNG, TNP-PrefE, HAFN, ECO
Though I don’t have a position yet, I was left really impressed with BWLP after listening to their earnings call yesterday. Q2 results might be slightly weaker. But that is consistent with LPG shipping seasonality. Will watch and wait for a good opportunity.
CLCO monetized gains ~22% LT; Roth ac ST & LT gains
LPG monetized Roth ac gains > 36% (purchased mid Jan)
Shipping basket is sitting pretty with unrealized gains. Q1 dividend flows have just started. Dorian on a slightly different cycle made their payout last week.