Hurricane Ida made landfall near Port Fourchon, Louisiana, as a Category 4 hurricane on Aug. 29
Challenge to shipping M&A: No one wants to sell in a downturn.
IMO 2020-driven refining activity and tanker demand appears to be materializing slower than previously expected.
Peak oil demand “lurks like a monster in the shadows,” warns Stifel analyst Ben Nolan.
NYSE-listed Diamond S Shipping brings an experienced management team back into the public arena.
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.
