Compass Hot! - Euronav

For small trading firms without a dedicated research department, the Insider commentary is a cheat sheet to the market’s sentiment.

Euronav has committed to decarbonization. Future iterations of the Compass will feature a "Green Route" planner, suggesting speeds and routes that minimize CO2 per barrel transported. Charterers will be able to compare the carbon footprint of a Euronav VLCC against an average market vessel. Euronav Compass

In late 2023, users of the Euronav Compass noticed a distinct pattern: eleven VLCCs shifted from "ballast" (heading to load) to "laden" (carrying oil) within a 48-hour window, all bound for China via the Cape of Good Hope. While mainstream media focused on Red Sea tensions, Compass users saw the raw data: a massive restocking cycle was underway. Those traders bought call options on tanker freight futures (FFAs) and made substantial returns before the news became public. For small trading firms without a dedicated research