The Russia-Ukraine war led to enduring changes in shipping routes. War in the Middle East looks likely to do the same.
The initial effect of Houthi attacks was on containerized consumer goods. The attacks are now snarling seaborne fuel flows.
U.S. diesel exports to South America’s west coast are heavily exposed to Panama Canal delays. Tanker rates have skyrocketed.
Geopolitics has always been a key driver of global shipping markets. How could the war in Israel affect rates?
Diesel is an essential fuel for the global economy. The world’s second-largest seaborne supplier, Russia, just halted exports.
Price caps have been breached, discounts on Russian exports are dwindling, and more money is flowing to Russian coffers.
The Wagner mutiny is drawing attention to what happens after the war in Ukraine ends. When it does, shipping will see major changes.
Despite a slow Memorial Day start, summer demand is expected to hike tanker rates in the months ahead.
The price of crude oil is now lower than it was when OPEC announced its latest cuts, fueling more concern on tanker demand.
Tanker investors have been disappointed before. Is the current stock pullback a bump in the road or something more?
More Western tankers are jumping into the Russian trade — legally, under the price cap — to pocket big freight premiums.
Container shipping just experienced a record boom. Some believe crude and product tankers are poised to follow suit.
Shipowners say they won’t order expensive new dual-fuel tankers without charters. They’re not getting charters, so they’re not ordering.
Tanker capacity for diesel is already tight amid war fallout. With very few ships on order, future transport capacity could fall short.
After a year of sanctions and “self sanctions,” shipping cargoes caught in the crossfire continue to find their way to buyers.
Sanctions have split the world’s tanker fleet in two. On one side, those that follow Western rules; on the other, those that don’t.
Sanctions on Russian crude exports have yet to boost tanker rates. Some question whether sanctions on Russian diesel will either.
Product-tanker share prices are up triple digits year to date as investors position for sanctions upside.
The EU is going to ban imports of Russian crude and petroleum products. It still has a long way to go to find replacement supplies.
“Right now, shipping companies around the world are looking at this and scratching their heads,” says sanctions expert Bruce Paulsen.
Tanker stocks are proving to be a shelter from the Wall Street storm as demand grows for ships that transport oil and natural gas.
Container and dry bulk shares soared last year, leaving tanker stocks behind. This pattern has now reversed.
If the U.S. curbed gasoline and diesel exports, tankers would sail longer distances to replace lost volumes — a plus for tanker earnings.
Tankers stocks are doing great. Dry bulk and container stocks temporarily stopped the bleeding. “Maxim stocks” still underperform.
Tankers are very busy loading up with American crude oil and refined products sold to overseas buyers.
The first half has been phenomenal for product tankers. How much of shipping upside is due to the war?
Bulk commodity shipping stocks held up well before this month. Now they’re falling alongside container shipping stocks.
EU sanctions on Russian petroleum exports could have much more serious repercussions than earlier U.S. moves.
Tankers are loading up on American crude, diesel and gasoline exports. Can the free market withstand political pressure?
East Coast gasoline inventories are alarmingly low. Gasoline imports from Europe could help but may not be enough to fill the gap.
It has been a terrible year for the stock market, a great one (so far) for product tanker and dry bulk shipping stocks.
Shares of ocean shipping companies have given back much of their 2022 gains after another big sell-off.
The pain at the pump keeps getting worse. Bad news for consumers. Good news for owners of refined product tankers.
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.
Cost of shipping crude oil remains cheap, but tanker rates could jump if the war doesn’t end by fall.
Tanker and dry bulk trades could be disrupted; container shipping faces heightened risk of cyberattacks.
Shipping analysts rethink outlooks on crude and product tanker rates: already grim market appears even grimmer.
An attack on Ukraine could hike costs for shipowners and cargo shippers across the globe.
For bulk commodity shipping, a rough start to the year. For container shipping, the profit bonanza continues.
Here’s how omicron variant could impact tanker, container and dry bulk shipping rates.
Crude and product tankers may be totally different markets, but 2021 proved how connected they are.
Cost of fuel consumed by container ships, bulkers and tankers is effectively at a seven-year high.
Containerized exports continue to struggle but overall, U.S. exports are rising. Sales are at record levels for some commodities.
As some Chinese factories go dark, more delays for container imports but bullish sign for coal, LNG and oil shipping.
Glimmers of hope for the beaten-down tanker sector: more OPEC+ crude production and more long-haul exports from the U.S. to India.
The longer the Suez saga continues, the greater the container, tanker and dry bulk shipping impacts. There could be big losers — and winners.
Back in the Aristotle Onassis era, a Suez Canal closure was a tanker game changer. Today, tanker upside from the canal accident is limited.
Deutsche Bank’s Amit Mehrotra on how long import surge could last and upside potential for container, dry bulk and tanker 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.”
A look back at 2020’s shipping roller coaster: how container sector emerged as ‘surprise rock star’ and tankers peaked early, then plunged.
Worries mount for crude tankers: dividend cuts, the pandemic, a stubborn floating-storage hangover … and now newbuild chatter.
As COVID hospitalizations surge and business restrictions mount, could U.S. importers be overshooting the mark?
“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.
After decades of safety improvements, a deadly stretch of casualties for ocean shipping.
Euronav and Scorpio Tankers highlight attractive fundamentals after floating storage wraps up.
Nordic American Tankers is the best stock performer among larger listed ship owners. Scorpio Bulkers is the worst.
Most floating storage has yet to be unloaded while delays in China are mounting.
Challenge to shipping M&A: No one wants to sell in a downturn.
Shipboard COVID cases will make it even harder to roll back travel restrictions that block crew changes.
Banner day on Wall Street buoys tanker names as pressure builds.
“Nowcasting” platform uses ship-tracking data to detect coronavirus fallout.
Diamond S boss sees tanker-market “trough” on the horizon.
Are larger funds now heading for the exits and giving up on tanker stocks?
Public tanker owners post impressive earnings on an ugly day for tanker stocks.
Refined-product tankers join crude tankers in era of epic earnings.
U.S.-listed tanker stocks boast double-digit gains on historically awful day for crude-oil pricing.
Lois Zabrocky explains how two black swans — the outbreak and oil price war — reshaped the market.
Here’s why tanker stocks are rising as the rest of the U.S. stock market is crashing.
An exclusive interview with Jefferies analyst Randy Giveans on the coronavirus-induced shipping-stock collapse.
Asian refineries suddenly have too much gasoline, diesel and jet fuel. Buyers in the West are taking the overflow, a plus for product tankers.
Earnings calls shed new light on how ocean shipping bosses view coronavirus crisis.
Links to 16 exclusive interviews with key decision-makers in ocean shipping.
An exclusive interview with Lois Zabrocky, CEO of tanker owner International Seaways.
Ardmore Shipping execs predict the initial IMO 2020 phase will favor more expensive 0.1% MGO.
Scorpio Bulkers plans to continue to monetize its position in related-party Scorpio Tankers.
An exclusive Q&A with Carlos Di Mottola, CFO of Milan-listed D’Amico International Shipping.
An exclusive FreightWaves interview with Concordia Maritime CEO Kim Ullman on product-tanker fundamentals and IMO 2020 fallout.
Time-charter rates can offer a clearer view on future sentiment than headline-grabbing spot rates.
IMO 2020-driven refining activity and tanker demand appears to be materializing slower than previously expected.
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.
East Coast refinery outage spurs more trans-Atlantic gasoline cargoes from Europe.
Shipping rates are clawing their way back from lows set earlier this year.
Specialist liquid-gas ocean carrier Navigator Gas evidently had a faulty compass in the first quarter of 2019 as it reported a $3.3m loss. The company attributed its results to geopolitical issues along with a variety of one-off incidents around the world. Together they tended to cause an oversupply of ships and a softening of rates in its niche-sector.
