Tankers

More than 30 natural gas tankers carrying liquified natural gas (LNG) are idling, reported the Wall Street Journal, and slowing their routes off Europe’s coast, waiting for the price of fuel to rise. As Dutch TTF December Gas Futures stabilized to 113.50 euros from a ...

Capacity ratcheted slightly tighter across a broad swath of the country again this week, but not yet to levels (7-10%) that would trigger widespread inflation in spot market rates. Spot rates for dry vans increased faster than spot rates for refrigerated equipment, which were flattish and may be...

The COVID-19 pandemic worked supply chains to the hilt, with demand for essential products spiking as people started quarantining themselves indoors. As more people looked to order-in food to their homes than go to a nearby restaurant, food consumption patterns have witnessed a considerable shift...

Radiant Logistics Inc (NYSE: RGLT), the acquisitive West Coast company, is dialing back its merger and acquisition efforts. Regarding the company's third-quarter earnings — its fiscal year begins July 1 — Bohn Crain, Founder, and CEO said in a release that Radiant came into the quarter with a plan...

The Baltic Dry Index (BDI) rose to fame in the mid-2000s as a leading indicator of the global economy. If the BDI went up, industrial production was set to increase; if it went down, vice versa. The BDI lost its luster as a macro bellwether during the decade after the financial crisis, as the...

When the U.S. lifted its crude oil export restrictions in December 2016, it completely changed the landscape for the global tanker industry, creating a major new source of seaborne cargo. Tanker operators' focus on U.S. crude has become increasingly intense ever since, particularly in light of OPEC...

The tanker group as a whole is "uniquely positioned" to take advantage of a likely increase in oil production and potentially significant IMO 2020 tailwinds, according to Wells Fargo. The Analyst Wells Fargo's Michael Webber upgraded the following stocks DHT Holdings Inc (NYSE: DHT)...

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...

Citi Research lowered its estimates and price target for Navios Maritime Acquisition Corporation (NYSE: NNA). In its Friday report, the company lowered its 2Q16E EPS by $0.04 to $0.10 on a 16 percent cut to its average TCE rate expectations and a higher G&A expense assumption. The EPS estimates...

Tanker rates were mostly down last week. In a new report, Credit Suisse analyst Gregory Lewis dug into the activity behind the numbers. According to Lewis, June loadings are underway, with VLCC spot activity out of the MEG up roughly 40 percent week-over-week (W/W). About 40 oil tankers are being...

Nordic American Tanker Ltd (NYSE: NAT), an international tanker company that owns crude oil tankers, announced on Monday it has entered into an agreement to acquire four Suezmax sister vessels for $106 million. Nordic American Tanker stated that two of the tankers were built in 2004, one in 2003...

Analysts at Stifel on Wednesday initiated coverage of Ardmore Shipping Corp (NYSE: ASC), DHT Holdings Inc (NYSE: DHT), Euronav NV Ordinary Shares (NYSE: EURN) and First Trust Intrmdt Drtn Prfrd & Incm Fd (NYSE: FPF). Admore Initiated At Buy Shares of Admore were initiated with a Buy rating and...