Sanctions could lift already booming product tankers to new heights
Product-tanker share prices are up triple digits year to date as investors position for sanctions upside.
Product-tanker share prices are up triple digits year to date as investors position for sanctions upside.
The “shadow fleet” is not large enough to save Russian oil exports from Western sanctions, according to multiple analysts.
As container shipping stocks get battered by collapsing rates, tanker shares could be poised for a long bull run.
The Biden administration has approved a controversial Jones Act waiver for Puerto Rico in the wake of Hurricane Fiona.
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.
The G-7 plan to squeeze Russia’s oil profits hinges on the EU revising its own sanctions. Those revisions face opposition.
“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.
Shipping volumes are weakening in and out of China. Is this a temporary pullback or a sign of more serious trouble ahead?
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.
Just two supertankers have been ordered in the past 14 months, raising the risk of a future shortfall in oil transport capacity.
The cost of marine fuels is down sharply from the wartime peak, except for ‘clean’ LNG, which is getting even more expensive.
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.
Tankers stocks are doing great. Dry bulk and container stocks temporarily stopped the bleeding. “Maxim stocks” still underperform.
It looks increasingly likely that war-driven changes to global crude flows will persist for an extended period.
Last year was historically strong for some maritime businesses, terrible for others. No matter what the sector, maritime CEOs made millions.
Exhaust gas scrubbers are allowing tankers, bulkers and container ships to keep burning dirtier — and much cheaper — marine fuel.
Tankers are very busy loading up with American crude oil and refined products sold to overseas buyers.
From crude tankers to product carriers to dry cargo ships, the largest vessels are earning less than their smaller counterparts.