Ports, politics & petty UAE fights | Trade nerd, cat guy, not your guru
Dubai
Joined February 2017
- Tweets818
- Following96
- Followers4
- Likes831
GulfStream Macro retweeted
The key difference now apart from specifications is that Dangote Refinery Lamu is under construction. The rest are talking. We are building. 40 moths time the 7th biggest oil refinery will be ready. How long will the talking stage be ongoing?
The Port of Lamu has welcomed MV Great Glory, a vessel carrying the second batch of heavy project cargo destined for the Dangote East Africa Refinery.
The shipment of the 154 assorted heavy machinery equipment to Lamu, is another concrete step in the physical mobilisation of the project that will reshape Kenya's energy landscape and anchor the country's northern region as an industrial hub.
This follows an earlier delivery in late September, when the MV Da Yang docked at the port with nearly 3,000 metric tonnes of construction equipment for the refinery.
The Dangote East Africa refinery, valued at approximately Sh2.2 trillion, is designed to process up to 700,000 barrels of crude oil per day, making it the largest refining complex in East Africa once completed. It will produce petrol, diesel, and aviation fuel for Kenya and the region.
@TransportKE
@SDoT_Kenya
@mohamed_daghar
@davis_chirchir
GulfStream Macro retweeted
🇪🇺 European natgas prices are currently 10x higher than the United States. This is a big arb window for USLNG exports! 🚢
GulfStream Macro retweeted
September commodity prices, in numbers:
Energy: +25.7%
Crude oil: +21.2%
Natural gas: +15.3%
Food: +3.8%
Precious metals: −1.9%
Gold: −2.1%
The latest @WorldBankGroup Pink Sheet: blogs.worldbank.org/en/opend…
GulfStream Macro retweeted
Kenya Pipeline Company (KPC) Post-IPO Shareholding
▸ 35.00% ➠ Government of Kenya
▸ 22.20% ➠ National Social Security Fund (NSSF)
▸ 20.15% ➠ Uganda National Oil Company (UNOC)
▸ 3.06% ➠ Unclaimed Financial Assets Authority
▸ 19.59% ➠ Other Shareholders
Kenya Pipeline Company ($KPC) has recorded a KSh 42.52Billion block trade during Monday morning's NSE session, October 19, 2026, involving approximately 4.5Billion shares.
The block trade represented approximately 38.1% of KPC's IPO float and 24.8% of its total issued shares.
GulfStream Macro retweeted
It is not just the loss of Russian HSFO exports, but also extreme VLCC freight that is distorting regional variations in HSFO bunker prices and the Hi-5 spreads (VLSFO-HSFO).
#oott #tankers
GulfStream Macro retweeted
Over the last month, the futures curve for Brent has changed dramatically. Not so much on front month but on the 2027-2029 period, where it repriced +5$/b - 6$/b higher, making it clear that the market is starting to agree with us: higher for longer
Better late than never #OOTT
GulfStream Macro retweeted
The TPLF’s Violence and the Eritrean Regime’s Role: Reading the U.S. Secretary of State’s Latest Remarks
Read more ➡️ m.facebook.com/story.php?sto…
#Ethiopia #TPLFCrimes #TigrayRegion #Security #Sovereignty #Eritrea
GulfStream Macro retweeted
Brent is -$1.85 to $108.01 in tonight's trading to 8:37pm ET. On Friday, Brent was +$3.72 to $109.64 to close on 10/16.
WTI is -$0.73 to $100.68 in tonight's trading to 8:37pm ET. On Friday, WTI was $3.44 to $101.41 to close on 10/16.
Thx @business #oott
Brent was +$3.72 to $109.64 to close on 10/16.
Closes:
10/16: $109.64
10/15: $105.92
10/14: $106.06
10/13: $105.69
10/12: $106.65
10/09: $104.72
10/08: $104.28
10/07: $100.20
10/06: $100.58
10/05: $100.32
10/02: $102.35
10/01: $102.31
09/30: $103.53
09/29: $102.59
09/28: $105.28
09/25: $104.41
09/24: $106.60
09/23: $103.08
09/22: $99.25
09/21: $100.34
09/18: $103.87
09/17: $104.82
08/31: $90.49
07/31: $90.12
06/30: $72.92
05/29: $92.05
04/30: $114.01
03/31: $118.35
02/27: 72.48 before US attacked Iran.
WTI is was $3.44 to $101.41 to close on 10/16.
Closes:
10/16: $101.41
10/15: $97.97
10/14:$95.09
10/13: $94.14
10/12: $93.74
10/09: $91.85
10/08: $91.49
10/07: $88.28
10/06: $89.44
10/05: $89.43
10/02: $91.11
10/01: $92.87
09/30: $90.42
09/29: $89.38
09/28: $92.60
09/25: $92.41
09/24: $94.61
09/23: $92.16 (Nov contract)
09/22: $94.59 (Oct contract, last day)
09/21: $95.78
09/18: $100.30
09/17: $101.91
09/16: $102.43
08/31: $85.76
07/31: $84.67
06/30: $69.50
05/29: $87.36
04/30: $105.07
03/31: $101.38
02/27: $67.02 before US attacked Iran.
thx @business #oott
GulfStream Macro retweeted
In August 2026, 61.2% of the logged transits through the Strait of Hormuz never actually happened. They were artifacts of GPS jamming, generated while real vessel traffic barely moved at all.
Second Line of Defense features Q3 data from Windward showing an average of 5,131 jamming incidents a day worldwide, touching more than 124,000 vessels. okt.to/IWKcQ2
GulfStream Macro retweeted
Bulker SUMMIT SUCCESS, sailed off from Paranagua, #BRAZIL on 12 Sep - fully laden with food stock, and has just transited the #Hormuz on the northern corridor; she's calling on Port at Imam Khomeini, #Iran in the next days. NOT seen non-Iranian flagged vessels broadcasting destination to #Iranian ports in recent weeks/couple of months from the US navy blockade.
Some vessels using the northern corridor today in the #Hormuz, vessels having loaded in #Qatar and #Iraq.
#IranWar #PersianGulf #MaritimeSec
GulfStream Macro retweeted
NAVAREA warning for the same location, on a lifeboat being adrift. Likely from the crew evacuation. There are unverified images and video circulating on Arabic Telegram channels.. we'll see if we can identify a name.
Another time delayed report of a tanker being hit in the #PersianGulf, 78 nm from Al Jubayl, #SaudiArabia - the vessel was hit by 'RPG launched from a small boat'resulting in damage to the aft port quarter. Crew accounted for and safe.
#IranWar #MiddleEast #MaritimeSec
GulfStream Macro retweeted
The Saudi oil ports of Yanbu and Al Muajjiz, in SAR imagery from @CopernicusEU Sentinel 1 on Oct 16 at 3.29pm GMT, that's it, **after** the Houthi ballistic attack against that area (intercepted, per the Saudis). The SAR imagery shows multiple tankers still loading.
Saudi Arabia is sustaining a very strong oil loading activity, per to @CopernicusEU Sentinel-2 imagery. Yesterday (Oct 15), it was loading 9 VLCCs plus another 2 Suezmax / Aframax with crude, for a total of >20 million barrels, from terminals in the Persian Gulf and Red Sea.
GulfStream Macro retweeted
CHINA'S IMPORT BOOM EXPOSES ITS BIGGEST TECHNOLOGICAL VULNERABILITY
China's September 2026 imports surged 31.0% year over year.
But the composition tells a far more revealing story.
Automatic data-processing equipment imports: +296.5%.
Integrated circuits: +74.7%.
Iron and steel products: approximately +46%.
Unwrought copper products: approximately +40%.
Natural gas: +34.0%.
Copper ores and concentrates: +27.1%.
Together, data-processing equipment, integrated circuits, and copper ores contributed 22.6 percentage points—approximately 73% of China's total import growth.
Meanwhile, automobile imports contracted roughly 25%, automotive parts fell approximately 35%, and large aircraft imports plunged more than 50%.
YCC Capital's conclusion is clear:
China's import recovery is being driven disproportionately by technology infrastructure and industrial inputs—not broad consumer demand.
Despite massive investments in technological self-sufficiency, China's dependence on imported advanced components remains substantial.
The AI boom is boosting China's trade statistics while exposing its strategic dependencies.
GulfStream Macro retweeted
16 OCT2026
@CopernicusCMS #Sentinel2 🛰️📷
Sri Lanka 🇱🇰
Possible oil slick was spotted near the anchored 🇮🇷-flagged tankers, that have been loitering in the area for weeks.
--
See @UANI Iran Shipping Update for details:
unitedagainstnucleariran.com…
--
@JemimaShelley @mercoglianos @AsiriFernandoLK @RohanGunaratna
@nilanthis
GulfStream Macro retweeted
Tanzania Says Its $42 Billion LNG Project Is Finally Close To An Agreement
The negotiations over its US$42 billion LNG project are nearing completion after years of delays, bringing the country closer to a development designed to commercialise 47.13 trillion cubic feet of offshore gas.
Final investment decisions and actual capital deployment must still follow the agreements.
uchumi360.com/m/p/tanzania-s…
GulfStream Macro retweeted
“In the current market, in which VLCCs can earn >$1m/day, there is an extreme “prompt delivery premium.” Secondhand vessels, which can be employed immediately in the current red hot market, are much more valuable than newbuildings for which you have to wait 3 years.”
GulfStream Macro retweeted
Kenya’s economy expanded by 5.1% year-on-year in Q2 2026, easing from 5.3% in the first quarter but maintaining growth above 5% for a second consecutive quarter.
GulfStream Macro retweeted
TP holding STRONG💪. SCFI USEC $10,405/FEU (-1.1% w/w), USWC $7,525 (-0.8%). Six straight weeks of sky-high rates to open $ZIM’s Q4 booking window🔥🔥🔥
GulfStream Macro retweeted
Kenya has reclaimed its position as Eastern Africa’s largest economy, overtaking Ethiopia following a significant shift in regional economic rankings. According to the International Monetary Fund’s (IMF) October 2026 World Economic Outlook, Kenya’s GDP grew by 13.7% in 2025 to $135.92 billion (KSh 17.57 trillion). Meanwhile, Ethiopia’s dollar-denominated GDP fell by nearly 40% to $126.35 billion, leaving Kenya with a $9.57 billion lead. (PHOTOS: VCG)
