Why this tanker shipping depression is different from past slumps
Tanker execs explain lack of distress sales and scrapping this time around, and why new orders will be more curtailed.
Tanker execs explain lack of distress sales and scrapping this time around, and why new orders will be more curtailed.
Top shipping execs reveal the inside story of the recent crude-tanker rate maelstrom.
VLCC rates have rapidly fallen from over $300,000 per day to around $125,000 per day.
If U.S. crude output were to lose momentum, it would be felt by tanker owners much more so than before.
Peak oil demand “lurks like a monster in the shadows,” warns Stifel analyst Ben Nolan.
Hope springs eternal for shipping stocks. Some analysts claim now is finally the time to jump back in.
If a trade war pares GDP growth, OPEC cuts may be extended, weighing tanker rates.
There are some positive signs for shipping rates, but overall, disappointment prevails.
After languishing for years, tanker stocks are rising in 2019. Investors are seeking to get in early on the belief that the turnaround in rates is nigh. They’ve been wrong before — will their bets pay off this time?