Gong xi fa cai!

China is on soupy liquid diet and the impact is clearly showing up in shipping markets. Whereas, dry market has plummeted to lowest levels since 2009, the large bottoms slack in the tanker market has been picked up by the draconian appetite for oil before they close down for a Chinese new year.

Persian threat to put a chastity belt around the busiest crude cunt before chinese new year is being seen as the trigger for the bottoms up in tanker market.

Gong xi fa cai!