product tanker

Container-ship diversions from the Red Sea will likely last for months. Are large-scale tanker diversions imminent?

Container ships have forsaken the Red Sea route but many bulk commodity vessels continue to transit the danger zone.

A growing number of ship operators are refusing to transit the Red Sea and taking a very long detour around Africa instead.

Mainstream European tanker owners that are willing to load Russian oil are far outperforming the broader market.

Crude and product tanker rates are bouncing along the bottom. As one analyst put it, “There’s only one way to go from here.”

Asian refineries suddenly have too much gasoline, diesel and jet fuel. Buyers in the West are taking the overflow, a plus for product tankers.

Switch to long-term coverage that began in 2016 continues to pay off in 2019.

There are reasons to be optimistic about rates in both the crude and product tanker sectors – and INSW’s fleet spans both categories.

NYSE-listed Scorpio Tankers has returned to profitability and its scrubber-installation program should position it to take advantage of the looming IMO 2020 rule.

So far this year, there has been heightened refinery downtime for maintenance and upgrades, but the tide is expected to turn in the second half, to the benefit of product-tanker rates.

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?