Tankers carrying diesel and gasoline rake in cash amid pain at the pump
The first half has been phenomenal for product tankers. How much of shipping upside is due to the war?
The first half has been phenomenal for product tankers. How much of shipping upside is due to the war?
Bulk commodity shipping stocks held up well before this month. Now they’re falling alongside container shipping stocks.
It took longer than expected, but the IMO 2020 investment pitch — save on ship fuel by installing scrubbers — is paying off big time.
Tankers are loading up on American crude, diesel and gasoline exports. Can the free market withstand political pressure?
Without sanctions, tankers will keep loading Russian oil. ‘We’re not taking a moral high ground,’ says Frontline’s CEO.
Safety stats show resilience despite aging ships, cut corners on maintenance and rising pressure on seafarers.
East Coast gasoline inventories are alarmingly low. Gasoline imports from Europe could help but may not be enough to fill the gap.
It has been a terrible year for the stock market, a great one (so far) for product tanker and dry bulk shipping stocks.
Shares of ocean shipping companies have given back much of their 2022 gains after another big sell-off.
Retail stock pickers seem increasingly nervous about shipping. Shares of dry bulk, tanker, container and mixed-fleet owners all fell.
Tanker, bulker and LNG shipping stocks rise as domestic freight and container stocks face pressure.
The biggest deal in tanker shipping history would merge Euronav and Frontline, but consolidation is no panacea.
The ports of Corpus Christi, Galveston and Brownsville will receive federal funding to complete ship channel improvement projects aimed at increasing cargo capacity.
Some shipping shares are rising because of war tailwinds. Others are rising despite war headwinds.
Cost of shipping crude oil remains cheap, but tanker rates could jump if the war doesn’t end by fall.
Invasion and price spikes could destroy demand, weaken consumer confidence and curb cargo volumes, warns BIMCO.
The cost of the fuel consumed by the world’s commercial ships has skyrocketed — and it’s still rising.
Tanker stocks favored by retail traders post big gains, while most container and dry bulk stocks hold steady.
Container lines and tanker owners rapidly and preemptively suspend business with Russia.
Tanker and dry bulk trades could be disrupted; container shipping faces heightened risk of cyberattacks.