Tankers outperform bulkers and boxships in coronavirus crisis
While the Covid-19 pandemic hits demand from end-users across the sectors, analysts say tankers can enjoy short-term benefits from the oil price war
Tankers
US regulator to talk with Opec as oil price war rages
The meeting could mean US production cuts, as VLCC rates fall to $135,900 per day on the Middle East Gulf-Far East route
Danish Shipping worker tests positive as country seeks to avoid ‘Italy situation’
Maritime association says staffer quarantined as owners react positively to government action on coronavirus
Marinakis VLCC sale reflects firm asset market for tankers
Secondhand market remains active, with healthy earnings outlook
Forecast oil glut boosts tankers in freight and share markets
With improved earnings prospects, major tanker stocks are emerging as some of the few beneficiaries from a oil price war
Bears Leaving Hibernation
Russia’s Tu-142 / Bear F ASW aircraft are waking up at the end of the winter training period. The Russian media highlighted four evolutions recently. We probably haven’t seen a surge in long-range naval surveillance flights like this in some … Continue reading →
‘Fantastic’ turn for tanker owners as Opec+ deal collapses
In a surprising development, 24 of the world’s largest oil producers are to pump at will from April, potentially leading to lower bunker costs and floating storage opportunities
Dragnis clears out old tanker, boxship tonnage in fleet renewal moves
Greek owner sells down last crude carrier and second-oldest boxship, both at strong prices
Indonesian tanker duo snap up aframax and MR1 product tankers
Pertamina charters and the need for fleet rejuvenation drive Indonesian vessel buys
Coronavirus contagion hammers western shipping stocks after Asian fall
Tanker, bulker and boxship companies sharply down in Monday morning European trading