Why are tanker stocks down

Over the past 12 months, shares of DHT Holdings (NYSE:DHT) are down 26%, Frontline (NYSE:FRO) stock is off 42%, and Teekay Tankers (NYSE:TNK) has lost 48%. Among oil tanker companies still boasting sizable market capitalizations, only Gener8 Maritime (NYSE:GNRT) is up, with a 17% gain.

Over the past 12 months, shares of DHT Holdings (NYSE:DHT) are down 26%, Frontline (NYSE:FRO) stock is off 42%, and Teekay Tankers (NYSE:TNK) has lost 48%. Among oil tanker companies still boasting sizable market capitalizations, only Gener8 Maritime (NYSE:GNRT) is up, with a 17% gain. I warned readers to avoid the sector like the plague back in 2016 with this story in this article previously: "3 Charts Explain Why I DON'T Own Oil Tanker Stocks." Why crude tanker rates will stay low, negative for tanker stocks. The single most important indicator that affects tanker companies’ top line revenue is shipping rates, which influence profitability margins, earnings, and share prices. So traders and analysts often look at shipping rates. Select tanker stocks could provide returns of 100%-200% or even more… if they manage to stay alive, that is. The "dirty" carriers in particular - which transport crude oil as opposed to "clean The strong industry outlook does not necessarily indicate that all oil tanker scrips would be wise picks. Moreover, with a wide range of crude shipping firms thronging the investment space, it is by no means an easy task for investors to arrive at stocks that have the potential to deliver attractive returns. The shipping industry uses specialized ships to transport dry commodities such as grains, metals like iron ore and copper, and other unpackaged cargo like coal and cement. These dry bulk carriers store goods in the hull of the ship, which is the watertight body of the vessel. Dry bulk ships come in a range of sizes.

The shipping industry uses specialized ships to transport dry commodities such as grains, metals like iron ore and copper, and other unpackaged cargo like coal and cement. These dry bulk carriers store goods in the hull of the ship, which is the watertight body of the vessel. Dry bulk ships come in a range of sizes.

30 Jan 2020 And yet, Euronav's share price was down 4% in the double the average trading volume on the day its results were announced (in mid-day trading,  Nice early morning recovery for all tanker stocks. For all practical NAT's down 10% while most tankers are near even or in the green. Anything going on that  Have Shipping Stocks Peaked? If tanker rates remain high in 2020, the shipping stocks' rally can keep going. Jan. 10, 2020 at 8:27  28 Jan 2011 Oil tanker shares were soaring as the political turmoil in Egypt triggered speculation that the Suez Canal might be shut down. Latest news and trends in the global crude, products and chemical tanker markets SSY closes for 14 days in Bergen after cleaner comes down with virus. Oil outfits see a huge surge in tanker rates as fleet utilization approaches 100 its new permanent CEO after Martin Ackermann opted to step down at the end of The sliding oil price could pull more product tanker vessels out of the market to   See all stocks in the Shipping industry along with their dividend yield, ex- dividend date, pay date and our proprietary DARS® rating. NAT · Nordic American Tankers, 9.40%, $3.18, $0.2800, 2020-02-28, 2020-03-16 Dow jones going down.

Oil and gas stocks represent such a significant portion of the energy sector that they are typically considered apart from other types of energy companies. Because oil exploration, production, and distribution companies see their fortunes closely linked with the price of crude oil,

10 Jan 2020 Investment firm B. Riley FBR has released a report on tanker stocks, Brent futures were up by 3.9% to $34.54 and markedly down for the  27 Jan 2020 Tanker at sea, looking back down the deck Uncertainty over future regulations and technology could weigh on ordering but the tanker market is 

4 Feb 2020 VesselsValue comments on the market for tankers in the recent past, and demand constriction have combined to bring down Tanker rates.

10 Jan 2020 Investment firm B. Riley FBR has released a report on tanker stocks, Brent futures were up by 3.9% to $34.54 and markedly down for the 

The Company's vessels are typically employed through a mix of short- or medium -term fixed-rate time charter contracts and spot tanker market trading. Address.

The Company's vessels are typically employed through a mix of short- or medium -term fixed-rate time charter contracts and spot tanker market trading. Address. Teekay is the largest operator of mid-sized tankers including suezmax, aframax, and long We provide our customers the best service in the market transfer services from turnkey full service lighterage down to fender and hose rentals. 4 Feb 2020 VesselsValue comments on the market for tankers in the recent past, and demand constriction have combined to bring down Tanker rates. 13 Jun 2019 Oil tankers targeted in the Sea of Oman close to Iran. Iranian officials call the Middle Eastern stock markets also fell, with the Saudi exchange shedding 1.5%, and Oman and Dubai both down over 1%. Here's our latest news 

Why crude tanker rates will stay low, negative for tanker stocks. The single most important indicator that affects tanker companies’ top line revenue is shipping rates, which influence profitability margins, earnings, and share prices. So traders and analysts often look at shipping rates.