Previous post for context: [I went all-in on shipping : r/wallstreetbets](https://www.reddit.com/r/wallstreetbets/comments/1svgjfa/i_went_allin_on_shipping/)
I went all-in on two companies a while ago, and it's starting to work out. Some news:
\- UAE is leaving OPEC, which as far as I know, drives up demand for oil tankers (CMBT has plenty of them): [United Arab Emirates to quit oil cartel Opec](https://www.bbc.com/news/articles/cj4pxwlr52yo)
\- Fearnley Asset Management shorted MPCC for \~2.2 million shares (overall \~7.1 million shorted shares, plus whatever is under the 0.5% reporting threshold), and then Fearnley issued a price target upgrade from 17 NOK to 27 NOK: [Details - Short Sale Register](https://ssr.finanstilsynet.no/Home/Details/NO0010791353) and [MPC Container Ships (MPCC) aksje | Nordnet](https://www.nordnet.no/aksjer/kurser/mpc-container-ships-mpcc-xosl)
\- Trump just doubled down on the narrative of "Iran blockade could last months": [Trump warns Iran blockade could last months, sending oil soaring | International](https://www.bssnews.net/international/382799)
\- 20000 people are stuck on the ships due to the blockade: [20,000 seafarers stranded in Persian Gulf as Strait of Hormuz stays shut despite ceasefire | The Times of Israel](https://www.timesofisrael.com/around-20000-seafarers-stranded-in-persian-gulf-as-hormuz-stays-shut-despite-ceasefire/)
\- Rates are holding stable for both CMBT and MPCC's fleets: [Global Indices - StockQ.org](https://en.stockq.org/market/global.php), [Harper Petersen: Container](https://www.harperpetersen.com/container), [www.vhss.de: New ConTex](https://www.vhbs.de/index.php?id=28&L=1)
\- Fearnleys released their updated weekly report: [Fearnleys Weekly Report | Fearnpulse](https://fearnpulse.com/)
So far so good, I'm curious what the Q1 reports will bring. Shipz go brrr, me like shipz.
Note: This is not investing advice, always do your own research before you buy anything. Shipping is a risky sector, I personally was fine with taking that risk.
