Tanker shipping’s ‘odd couple’ prepares for a divorce
Tanker giant Frontline is poised to dramatically expand its fleet, while Euronav is on a path to privatization.
Tanker giant Frontline is poised to dramatically expand its fleet, while Euronav is on a path to privatization.
Tanker investors have been disappointed before. Is the current stock pullback a bump in the road or something more?
The tanker industry has a storied history of corporate showdowns. The latest, a three-way tussle involving Euronav, looks far from over.
The predicted boost to tanker rates from Russian crude disruptions has yet to materialize. Instead, rates have declined.
Europe must replace all seaborne crude imports from Russia within the next few weeks. Crude tanker owners stand to gain.
The latest shipping company poised to delist has a market cap of $3.5 billion. The latest new entrant’s market cap is under $20 million.
It looks increasingly likely that war-driven changes to global crude flows will persist for an extended period.
EU sanctions on Russian petroleum exports could have much more serious repercussions than earlier U.S. moves.
The biggest deal in tanker shipping history would merge Euronav and Frontline, but consolidation is no panacea.
Some shipping shares are rising because of war tailwinds. Others are rising despite war headwinds.
Tanker stocks favored by retail traders post big gains, while most container and dry bulk stocks hold steady.
Shipping analysts rethink outlooks on crude and product tanker rates: already grim market appears even grimmer.
Crude-tanker owners continue to pile up huge losses, but hopes are high for next year.
Despite epic container rates and hefty dry bulk profits, stocks fell by double digits over the past three weeks.
Tanker execs explain lack of distress sales and scrapping this time around, and why new orders will be more curtailed.
COVID has been great for stocks. In ocean shipping, container and dry bulk shares rode the wave. Tankers stocks sank.
Deutsche Bank’s Amit Mehrotra on how long import surge could last and upside potential for container, dry bulk and tanker stocks.
Tanker and bulker spot rates can go sub zero — some tanker rates are there now. What do the negative numbers really mean?
Analysts tally tanker fallout after OPEC+ stuns market with decision to hold the line of production cuts.
If ocean freight rates have legs, analysts see much more room for the secondhand ship values to run — which should, in turn, boost stocks.
Crude and product tanker rates are bouncing along the bottom. As one analyst put it, “There’s only one way to go from here.”
It’s not just container stocks rising. Shipping stocks are up for everything from bulkers to tankers to gas carriers.
ZIM, newest Wall Street shipping entrant, is riding wave of record-high freight rates. Shares fully recovered from rocky start.
Long grind ahead for crude tankers: Executives and analysts don’t see recovery until second half — if not later.
In Africa, one seafarer is dead and 15 have been kidnapped. Worldwide, more seafarers are being barred from travel as COVID fears rise.
How surprise Saudi production cuts and escalating Mideast tensions could impact timing of crude-tanker rate recovery.
A look back at 2020’s shipping roller coaster: how container sector emerged as ‘surprise rock star’ and tankers peaked early, then plunged.
Container shipping stocks are back to pre-COVID levels whereas many tanker and bulker stocks are down by double-digits year-to-date.
Worries mount for crude tankers: dividend cuts, the pandemic, a stubborn floating-storage hangover … and now newbuild chatter.
“Winter is Coming” is a warning in House Stark and usually a blessing for tankers. But there’s nothing usual about 2020.
The one-two punch of the Pfizer vaccine and Joe Biden’s victory will affect container and tanker shipping in multiple ways.
Euronav exec curses crude-tanker market (literally). Scorpio exec pitches product-tanker promise and throws shade at crude side.
New Kpler data reveals slow pace of floating-storage unwind and steady fall in crude-tanker utilization.
Amid talk of more floating storage, Kpler data reveals most of round-one storage volume is still on the water.
Crude-tanker rates on the benchmark Middle East-Asia run are now deep in the red.
When times get tough, crude-tanker owner DHT starts buying. Times are getting tough.
M&A is being blocked by weak share pricing among buyers and lack of desperation among sellers.
Euronav and Scorpio Tankers highlight attractive fundamentals after floating storage wraps up.
Robintrack.net data reveals what retail traders are buying and when. The question is: Why?
An analysis of daily traded values and volumes of tanker and dry bulk stocks.
Will tanker sector see summer lull or more action ahead?
Nordic American Tankers is the best stock performer among larger listed ship owners. Scorpio Bulkers is the worst.
Tanker rates haven’t been this strong at this time of year for a half-decade.
Long-term institutional investors still steer clear of shipping shares — with good reason.
Tanker rates have plunged as predicted. How long until a recovery?
Institutional sellers offset retail buyers of supertanker stocks.
The stock market is back to pre-COVID levels. Shipping shares still have some catching up to do.
Banner day on Wall Street buoys tanker names as pressure builds.
Tanker owners increasingly point to upside to come after floating storage unloads.
An exclusive interview with Deutsche Bank’s Amit Mehrotra on what COVID-19 means to transport stocks.
Good news: Vaccine shows promise. Bad news: Floating storage economics vanish.
Diamond S boss sees tanker-market “trough” on the horizon.
There’s still too much oil in the world and tankers are still filling up with the overflow.
Public tanker owners post impressive earnings on an ugly day for tanker stocks.
Shipping analyst Michael Webber sees tanker-stock upside if coronavirus recovery falters.
Refined-product tankers join crude tankers in era of epic earnings.
Tensions in the Strait of Hormuz have always been good for tanker rates and stocks — until now.
U.S.-listed tanker stocks boast double-digit gains on historically awful day for crude-oil pricing.
Crude-tanker demand should continue to rise. Will stock prices follow suit?
Tanker shares fall back as crude-oil prices surge. What comes next?
As most of the transport sector suffers, crude-tanker owners haul in boatloads of cash.
Crude-tanker rates are skyrocketing, but leading analyst Michael Webber urges caution.
Why are share prices and tanker freight rates going in opposite directions?
As the world reels from coronavirus, crude-tanker owners are raking in massive returns.
Tanker rates are back in the stratosphere as the Saudis move ahead with production push.
Here’s why tanker stocks are rising as the rest of the U.S. stock market is crashing.
Earnings calls shed new light on how ocean shipping bosses view coronavirus crisis.
Tanker giant Euronav warns of fallout from coronavirus crisis.
New pact is a plus for tankers, bulkers and box ships, but less so for equities.
Tanker rates haven’t shot up further on new Iran tensions, yet they remain extremely high.
Killing of Iranian general and Iranian retaliation could spark another tanker rate spike.
An exclusive interview with Scorpio President Robert Bugbee on shipping stocks and what lies ahead.
With profits around the corner, listed shipping companies are reopening the dividend spigots.
Ardmore Shipping execs predict the initial IMO 2020 phase will favor more expensive 0.1% MGO.
Floating storage, scrubbers delays and newbuilding unease should continue to squeeze crude-tanker capacity.
Headlines have highlighted booming VLCC rates, but spot LNG shipping rates have now taken the crown.
Improved shipping stock prices and heightened time pressure on private equity ship owners should spur more consolidation.
VLCC rates have rapidly fallen from over $300,000 per day to around $125,000 per day.
Headlines may proclaim “$300,000 per day” but most crude tankers are not making anything close to that.
VLCC rates are reaching epic levels in the wake of an attack in the Red Sea on an Iranian Suezmax tanker.
Crude-tanker rates have now reached levels not seen since before the global financial crisis.
VLCC rates are now at or near $100,000 per day, courtesy of U.S. sanctions targeting China’s COSCO.
Capital-market sentiment is so bad in New York that ship owners may end up raising more money in Oslo this year.
This week, VLCC tanker rates are rising, whereas both trans-Pacific box rates and Capesize bulker rates are slipping.
The International Energy Agency now believes implementation of the new fuel rule could be “much smoother than expected.”
Tanker major Euronav has revealed new details on its strategy to counter IMO 2020 risks.
Can listed shipping shares break out of their slump before the U.S.-China trade dispute is resolved?
Refinery repairs and OPEC wreak havoc on rates, but there is always the next quarter.
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.
Capesize owners were afraid to ballast to Brazil when a key Vale mine was closed. Now there are too few Capesizes in the Atlantic Basin, pushing up rates.
Hope springs eternal for shipping stocks. Some analysts claim now is finally the time to jump back in.
East Coast refinery outage spurs more trans-Atlantic gasoline cargoes from Europe.
Geopolitical and trade tensions are having an increasing effect on shipping rates.
Is a recovery near for VLCC crude tanker spot rates? Not yet, warns an an analyst at VesselsValue.
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.
Tanker companies like Euronav expect to see financial benefits from impending environmental regulations, which will change the type of fuel burned at sea and could eventually limit how fast ships can go.
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?