August wasn't the best month for us, ending with an MTD decline of -2.04%. However, with some cash still on hand, valuations are beginning to look much more reasonable compared to a few months ago. On a positive note, we're still up 33.83% YTD.

This month, I added ZIM as a new position. We're currently holding more cash and a wider range of positions than I'd prefer, but I don't intend to close any positions at this time. I'm still bullish on tankers and believe in maintaining some diversification.

Positions for September 2024

  • BIL (3x)
  • DAC
  • GLNG
  • GNK
  • HAFNI
  • INSW
  • NVGS
  • OET
  • TRMD
  • ZIM

Added positions

ZIM

As I mentioned last month, ZIM looks very attractive at its current levels. It had a strong start to the month, but experienced a significant sell-off toward the end. In my view, this stock should be trading between $25 and $30 at the moment. While it's not a long-term holding due to the substantial container ship order book, I believe it's an attractive short-term opportunity.

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