Updated data on #shipping #SuezCanal transits via the #RedSea

Updated data on #shipping #SuezCanal transits via the #RedSea

#Gersemi #Shipping #Fund ’s unaudited NAV currently stands at indexed 128.6, -0.4% w/w, +7.9% YTD and +29% since inception (37% CAGR)

Happy weekend!

Happy to be interviewed for Nordic Hedge Fund Industry Report 2024 on behalf of Gersemi AM under the headline 'Smooth Sailing in Rough Seas'

We discussed our light-footed strategy and econometric approach to #shipping #fund #management , among other topics
hedgenordic.com/2024/04/smooth…

Updated data on #shipping #SuezCanal transits via the #RedSea

Flex Volunteer is back in the Med after having called Jordanian port of Aqaba. Godspeed

LR2 #product #oil #tanker #shipping are seeing significant improvements on the benchmark AG/JP, +19% to USD 48k/d

#Gersemi #Shipping #Fund unaudited NAV currently stands at indexed 129.1, +0.1% w/w, +8.3% YTD and +29% since inception (39% CAGR)

Our algos today showed the first LNGC transiting the Suez Canal in a long time. I had to check, and found some interesting AIS data on Flex LNG's Volunteer

What happens in Cairo, stays in Cairo...

Updated data on #shipping #SuezCanal transits via the #RedSea

#LPG #VLGC #shipping 1Q24E fleet utilization at 90.6%, below our 95.0% forecast, mainly due to the quickly deteriorating arb economics in Jan

NB contracting 130% above our forecast, but skewed towards 2027

Equities averaged 244 (4 Jan peak at 309), similar to our 251 forecast

#LNG #shipping 1Q24E fleet utilization at 77.6% was similar to our 77.5% forecast, with lower demand growth offset by lower supply growth (NB slippage)

NB contracting came in 104% above our forecast, centered around 2027 (55%)

Equities averaged 673 (-1% q/q) vs our 705 forecast

#container #shipping 1Q24E fleet utilization at 89.8% fell short of our 92.5% forecast as implied demand came in lower than expected, somewhat mitigated by newbuild delivery slippage

Equities averaged 1,236 during 1Q, +16% q/q and 7% above our forecast

#car #car rier #shipping earnings stayed elevated during 1Q24E with implied fleet utilization close to 100%

The orderbook grew less than we had expected, regardless now at a new all-time-high of 1.6mCEU

Equities averaged 849 (+15% q/q), similar to our 850 forecast

Updated data on #shipping #SuezCanal transits via the #RedSea

#Gersemi #Shipping #Fund ’s unaudited NAV reached a new intra-week all-time-high of indexed 129.2 & currently stands at indexed 128.9, +0.7% w/w, +8.2% YTD and +29% since inception (40% CAGR)

Minor changes to our portfolio this week, including closure of our short in EURN and...

#oil #tanker #shipping 1Q24E fleet utilization at 95.7% exceeded our 93.2% forecast, solely due to higher than expected demand, mainly for product tankers

NB contracting 70% above our forecast, but skewed towards 2026 (39% of contracts) and '27 (55%)

Estimated #DryBulk #shipping fleet utilization in 1Q24 at 87.5% exceeded our 85.4% forecast, mainly due to higher than expected demand & higher fleet efficiency

Asset prices surged far above our modelled fair values

Equities averaged 288 (+18% q/q), similar to our 281 forecast

Nice article in TradeWinds today, covering #Gersemi #Shipping #Fund 's monthly report

tradewindsnews.com/tankers/joakim…