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On Deck with Crude Tankers: Positives and Negatives

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Nov. 20 2020, Updated 2:59 p.m. ET

Stock performance

Crude tanker stocks have given mixed returns since the start of the year. YTD (year-to-date), Gener8 Maritime Partners (GNRT) has been the best performer, while Nordic American (NAT) Tankers has been the worst-performing stock among peers.

[marketrealist-chart id=2177157]

Crude tanker companies’ YTD stock performances as of June 28, 2017, are as follows:

  • Gener8 Maritime (GNRT) has risen 24.3%.
  • Tsakos Energy Navigation (TNP) has risen 1.7%.
  • Nordic American Tankers (NAT) has fallen 25%.
  • Frontline (FRO) has fallen 21.5%.
  • Navios Maritime Midstream Partners (NAP) has fallen 8.63%.
  • DHT Holdings (DHT) has fallen 0.7%.
  • Euronav (EURN) has fallen 3.77%.
  • Teekay Tankers (TNK) has fallen 17.7%.

Shipping companies account for 19.7% of the Guggenheim Shipping ETF (SEA), which has risen 2.01% in the period. Investors interested in broader exposure to the industrials sector can invest in the SPDR Dow Jones Industrial Average ETF (DIA).

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Series focus

In this series, we’ll assess various macroeconomic factors that are impacting the crude tanker industry today. We’ll also discuss oil demand and gauge oil imports from the world’s four largest oil consumers: the US, China, India, and Japan. We’ll close the series by checking in with how analysts are viewing individual crude tanker companies today.

We’ll begin (below) by taking a closer look at crude tanker rates.

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