Crude tanker rates down double digits after Russia sanctions debut
The predicted boost to tanker rates from Russian crude disruptions has yet to materialize. Instead, rates have declined.
The predicted boost to tanker rates from Russian crude disruptions has yet to materialize. Instead, rates have declined.
Europe must replace all seaborne crude imports from Russia within the next few weeks. Crude tanker owners stand to gain.
The latest shipping company poised to delist has a market cap of $3.5 billion. The latest new entrant’s market cap is under $20 million.
It looks increasingly likely that war-driven changes to global crude flows will persist for an extended period.
EU sanctions on Russian petroleum exports could have much more serious repercussions than earlier U.S. moves.
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.
Tanker stocks favored by retail traders post big gains, while most container and dry bulk stocks hold steady.
Shipping analysts rethink outlooks on crude and product tanker rates: already grim market appears even grimmer.
Crude-tanker owners continue to pile up huge losses, but hopes are high for next year.