oil tankers

Coming LIVE to you from In.Sight2019 we are covering the latest on the Saudi drone strike situation and the implications far and wide. We are talking integration: what makes it sexy, what makes it powerful and nimble? We talk with executives from Trimble, Wex, ProMiles, and TruckerTools for...

The drone attacks on Saudi Arabia's oil facilities could have far-reaching consequences for ocean shipping. There are broader implications for all vessel types – on fuel pricing, chartering sentiment and possibly even trade politics – but crude tankers are most directly in the line of fire....

The U.S. Treasury Department's Office of Foreign Assets Control (OFAC) has placed sanctions on two Taiwanese companies and a Hong Kong-based entity for their alleged roles in ship-to-ship transfers of petroleum products to North Korea. OFAC said these petroleum shipments violate both U.N. and U.S...

Ocean shipping has a unique appeal to a certain breed of risk-reward investor for two primary reasons. First, global shipping rates are completely unregulated. There's no one with the authority to declare that a rate is too high or too low. The market decides. Second, rates can gyrate wildly due...

Iran has denied responsibility for the attacks carried out early yesterday morning on two tankers in the Gulf of Oman, the sea immediately adjacent to the Strait of Hormuz. A spokesman for the Iranian Foreign Ministry slammed the U.S. accusations as "baseless." Maritime security experts say...

Crude prices jumped over 3 percent in early trading on June 13 following attacks on two tankers in the Gulf of Oman – coming a month after four tankers were sabotaged in the same region. Fears of a wider conflict between the U.S. and Iran and a potential blockage of the Strait of Hormuz are...

The bulls would claim that the very large crude carrier (VLCC) supply picture has finally brightened after years of gloom. They would say newbuilding deliveries were front-loaded into the first few months of this year, that the final capacity onslaught is over, and that a return to the good times...

A proposed ban of oil tankers off British Columbia's northern coast appears headed for approval in Canada's Senate after legislators quashed a push to scrap the bill. Senators voted 53-38 on June 7 to reject the Transportation Committee's recommendation to kill C-48. The move is highly unusual in...

TEN Ltd (NYSE: TNP), one of the largest publicly traded owners of tanker tonnage, posted increased quarterly profits as its time-charter strategy allowed it to outearn the spot market and its profit-sharing arrangements kicked in. On June 6, TEN reported net income of $11.2 million for the first...

Navios Acquisition Corp (NYSE: NNA), the tanker arm of Angeliki Frangou's Navios Group, has reported stronger profits and additional steps to renew its fleet in the wake of last year's merger with related-party Navios Midstream. On May 13, the Monaco-based tanker owner reported net income...

Ocean shipping stocks have been down for so long that it's heartening to see a positive trend. Interest continues to build in public crude tanker owners, including DHT Holdings (NYSE: DHT), with shares being bid up by investors in anticipation of higher rates to come. DHT reported net income of...

After a three-year slide in 2015-18, U.S.-listed tanker stocks have rallied sharply off their lows during the first four months of 2019. At least some investors are betting that the recovery in charter rates is just around the corner, despite repeated false starts over the past half-decade....

It has been rough sailing for tanker stocks in the past couple of years, but several tanker stocks may finally get back on course in 2018. The Analyst Morgan Stanley analyst Fotis Giannakoulis on Monday upgraded the following three tanker stocks: Euronav NV Ordinary Shares (NYSE: EURN) from...

Fotis Giannakoulis, a tanker expert that covers the sector for Morgan Stanley, isn't particularly positive on the sector and thinks a cyclical downturn could last through 2018. Giannakoulis said in a research note on Thursday that there are four reasons to support his views of weak crude tanker...

Iran's desire to boost its oil output to regain market share lost during an economic sanction has been widely reported over the past few months. This could have a large impact on not only the price of oil, but also on oil tanker companies. According to a report from Reuters, more than 25...