Quick update on my portfolio performance, it is probably the worst quarter I have experienced. I got a little too excited during the first few weeks of the downturn and bought too much. As the days turn to weeks, I felt like how the band continued to play when the Titanic was sinking. Depressing

What have I been buying? Well, oil tankers mostly, STNG, TNK, EURN, FRO, NAT(sold), INSW(sold), DHT(sold), you name it, I have it. They now comprise about 25% of my portfolio. With extremely low demand for crude and refined products like jet fuel, oil companies are starting to charter tankers to store oil and this had caused VLCC rates to rocket.

As for Singapore stocks, I have added to

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