DHT Holdings Inc

Latest DHT Holdings Inc News and Updates

  • uploads///Analyst Recco_
    Miscellaneous

    Analysts’ Recommendations for Crude Tanker Stocks

    In Week 28, analysts made no target price revisions or recommendation changes for crude tanker companies.

    By Sue Goodridge
  • uploads///DHT
    Miscellaneous

    What Analysts Recommend for the Top Two Crude Tanker Stocks

    DHT Holdings (DHT) was the best-performing stock among peers on a YTD basis.

    By Sue Goodridge
  • uploads///bdbacdefdddebeb
    Miscellaneous

    China’s March Data and the Crude Tanker Industry

    In many ways, China is the most important country for the crude oil tanker industry. In this series, we’ll take a close look at China’s March 2017 import-export data and manufacturing sector performance.

    By Sue Goodridge
  • uploads///US Products supplied
    Macroeconomic Analysis

    Is US Oil Demand Helping Crude Tankers?

    US products supplied for the week ended March 17, 2017, totaled 19,225 Mbpd (thousand barrels per day), 1% less than in the previous week.

    By Sue Goodridge
  • uploads///Revenue
    Earnings Report

    What Impacted Nordic American Tankers’ Top Line?

    Nordic American Tankers’ revenue in 3Q16 fell to $71 million—compared to $88 million in 2Q16. Its revenue was 29% lower than its revenue in 3Q15.

    By Sue Goodridge
  • uploads///Crude oil stocks
    Macroeconomic Analysis

    EIA Crude Oil Inventory Report Supports Bearish Traders

    The EIA reported that the US commercial crude oil inventory rose by 2.6 MMbbls (million barrels) to 487.4 MMbbls for the week ending December 25, 2015.

    By Gordon Kristopher
  • uploads///NAP
    Miscellaneous

    Credit Suisse Downgrades Navios Maritime Midstream Partners

    Consensus recommendations On January 13, 2017, Credit Suisse downgraded Navios Maritime Midstream Partners (NAP) to “neutral” from “outperform” and decreased the target price to $12 from $13. Only five analysts give recommendations on Navios Maritime Partners. According to Reuters, the consensus rating for the stock is 2.6, which means a “hold.” One analyst has given a […]

    By Sue Goodridge
  • uploads///fLEET dATA
    Company & Industry Overviews

    Which Crude Tanker Companies Lost More in 3Q?

    The third quarter wasn’t very good for tanker rates. In August 2016, the middle of the third quarter, tanker rates dropped to some of their lowest levels.

    By Sue Goodridge
  • uploads///Orderbook
    Macroeconomic Analysis

    Euronav Provided Insights on the Rising Orderbook

    Euronav thinks that the rise in the orderbook is partly due to the Tier 3 legislation on nitrogen oxide emissions. The legislation is applicable from January 2016.

    By Sue Goodridge
  • uploads///Bunker Fuel Prices
    Macroeconomic Analysis

    Time Charter Rates Fell at the End of November

    The time charter rates for one year on VLCCs (very large crude carriers) fell to $43,000 per day on November 25—compared to $45,500 per day the previous week.

    By Sue Goodridge
  • uploads///Spot Rates_Week
    Energy & Utilities

    VLCC Rates Are near Multiyear Lows

    According to Weber’s report, VLCC rates for the route from the Arabian Gulf to China fell from $10,809 per day on August 18 to $8,747 per day on August 25.

    By Sue Goodridge
  • uploads///PMI
    Energy & Utilities

    China’s PMI Hits 19-Month Low—How It Impacts the Crude Tanker Industry

    In February 2018, China’s manufacturing PMI (purchasing managers’ index) was 50.3.

    By Sue Goodridge
  • uploads///Oil imports China
    Miscellaneous

    China’s Oil Production and Imports Benefit Crude Tanker Industry

    China’s crude oil imports in March hit a new record. Its total crude oil imports came in at 39.0 million tons, compared to 31.8 million tons in February.

    By Sue Goodridge
  • uploads///BDTI_Week
    Miscellaneous

    Week 12: Nordic American Tankers Struggled

    In week 12 of 2018, which ended on March 23, the BDTI rose from 635 to 656. In week 11, the index dropped by 18 points.

    By Sue Goodridge
  • uploads///Debt
    Earnings Report

    Euronav’s Financial and Liquidity Position after Its 3Q16 Results

    On September 30, 2016, Euronav (EURN) had long-term debt of ~$1.0 billion. This increased from $952 million at the start of the year.

    By Sue Goodridge
  • uploads///Revenue
    Earnings Report

    Tsakos Energy Navigation’s Revenue Fell in 3Q16

    Tsako posted revenue of $109 million in 3Q16—9% lower than last quarter’s revenue of $120 million and 23% lower than $141 million recorded in 3Q15.

    By Sue Goodridge
  • uploads///Auto
    Macroeconomic Analysis

    China’s Auto Sales Rise 8.8%: The Impact on Crude Oil Tankers

    China’s (MCHI) auto sales for the first two months of 2017 were 8.8% higher than sales for the same period in 2016.

    By Sue Goodridge
  • uploads///EBITDA
    Earnings Report

    Teekay Tankers’ Earnings: How Do They Compare?

    In the first quarter, Teekay Tankers’ EBITDA fell to $80.9 million, from $83.9 million in the previous quarter.

    By Sue Goodridge
  • uploads///Tanker Prices
    Miscellaneous

    VLCC Prices Rose First Time in 2017

    Newbuild VLCC (very large crude carrier) prices rose in May 2017, and this is the first time we’ve seen a rise in prices this year.

    By Sue Goodridge
  • uploads///Crude Tanker Stock Perf
    Energy & Utilities

    Gener8 Maritime Partners: Fourth-Best Performer in 2018

    Gener8 Maritime Partners’ YTD returns were -10% as of April 5, 2018. Gener8 Maritime Partners is the fourth-best performer among its peers YTD.

    By Sue Goodridge
  • uploads///fdbfeaadcfbfecf
    Macroeconomic Analysis

    What Could China’s March Data Mean for Crude Tanker Investors?

    After a steep dip to a four-month low in January, crude oil imports in February jumped, which was a good sign for crude tanker investors.

    By Sue Goodridge
  • uploads///PMI
    Miscellaneous

    How China’s Manufacturing and Auto Industry Are Impacting Crude Tankers

    In May 2017, the Markit China Manufacturing PMI was 51.2 (MCHI)—similar to the previous month.

    By Sue Goodridge
  • uploads///tanker _
    Miscellaneous

    Baltic Dirty Tanker Index Rose by 67 Points in Week 21

    Most of the crude tanker stocks rose in week 21. Euronav and DHT Holdings were the best performers in the sector.

    By Sue Goodridge
  • uploads///Fleet
    Earnings Report

    Teekay in the Gulf of Mexico: What’s the Ship-To-Ship Business?

    Teekay’s acquisitions complement the company’s ship-to-ship transfer business and expand its presence in the US Gulf of Mexico.

    By Sue Goodridge
  • uploads///DHT
    Miscellaneous

    Analyzing DHT Holdings’ Performance in 2018

    DHT Holdings’ (DHT) YTD returns were 1.1% as of April 5, 2018. DHT Holdings is the only crude tanker company with a positive YTD return.

    By Sue Goodridge
  • uploads///bdcfcddfedfcbf
    Company & Industry Overviews

    How Do These 6 Crude Tanker Companies Compare?

    After a spectacular 2015, the crude tanker industry is going through a rough patch in 2016. All crude tanker stocks have given negative year-to-date returns.

    By Sue Goodridge
  • uploads///China Auto Sales
    Miscellaneous

    China’s Auto Sales Rose in August, Impacted Crude Tankers

    In August 2017, China’s auto sales rose 4.1% YoY (year-over-year). Its total vehicle sales rose 5.3% to 2.19 million in August.

    By Sue Goodridge
  • uploads///TNP
    Energy & Utilities

    Tsakos Energy Navigation: Fifth-Best Performer in 2018

    Tsakos Energy Navigation’s (TNP) YTD returns were -12.8% as of April 5, 2018. Tsakos Energy Navigation is the fifth-best performer among its peers YTD.

    By Sue Goodridge
  • uploads///Fleet data
    Company & Industry Overviews

    Tanker Fleet Mixes and Their Effects on Company Performance

    At the onset of 4Q15, tanker rates started to climb as refineries completed their maintenance programs. The rate spike was especially lead by VLCCs.

    By Sue Goodridge
  • uploads///Orderbook
    Miscellaneous

    Will Fleet Growth Prove Negative for the Crude Tanker Industry?

    In the first week of 2017, the number of VLCCs (very large crude carriers) in the world was 686. Halfway into 2017, the VLCC fleet has grown to 713.

    By Sue Goodridge
  • uploads///us crude oil stocks
    Macroeconomic Analysis

    Will the US Crude Oil Inventories Report Benefit Crude Oil Prices?

    US crude oil inventories hit an all-time high of 543.6 MMbbls in the week ending April 29, 2016. This will limit the upside potential for crude oil prices.

    By Gordon Kristopher
  • uploads///Euronav Fleet
    Earnings Report

    Must-Knows about Euronav’s Fleet and Recent Acquisitions

    The day after Euronav (EURN) announced its 3Q16 results on October 31, it announced that its agreed to purchase the 50% of the joint venture it does not own in the VLCC VK Eddie.

    By Sue Goodridge
  • uploads///Article
    Materials

    Tankships seeks to expand its fleet size through acquisitions

    Tankships seeks to expand its fleet size through timely and selective acquisitions of additional secondhand modern tankers and the available optional vessels.

    By Katie Dale
  • uploads///BDTI
    Macroeconomic Analysis

    VLCC Rates Rise by 127% Month-over-Month, BDTI Rises 15% YoY

    VLCC rates (very large crude carrier) for the benchmark route Gulf to Japan rose from $49,400 per day last month to $112,100 per day for the week ending October 2, 2015.

    By Sue Goodridge
  • uploads///TNK Global oil demand
    Industrials

    Outlook for global growth and tanker fleet for Teekay Tankers

    Looking ahead to 2015, Teekay Tankers Ltd. (TNK) forecasts 2.0% net global tanker fleet growth with major contribution from the product tanker sector. There is a negative fleet growth estimate for the Suezmax and uncoated Aframax sectors.

    By Katie Dale
  • uploads///market outlook
    Earnings Report

    What Is Teekay Tankers’ Outlook for the Crude Tanker Industry?

    In its first-quarter conference call, Teekay Tankers gave insights on the crude tanker market.

    By Sue Goodridge
  • uploads///Stock perf
    Company & Industry Overviews

    Five Key Crude Tanker Companies: A Comparison

    The crude tanker industry is highly fragmented. The total world fleet of VLCCs (very large crude carriers) stood at 640 at the end of 2015.

    By Sue Goodridge
  • uploads///BDTI_Week
    Miscellaneous

    Week 25: How Did the Crude Tanker Index Perform?

    Since the beginning of 2018, the BDTI (Baltic Dirty Tanker Index) has fluctuated between 628 and 781. The year started out with the BDTI at 700.

    By Sue Goodridge
  • uploads///WTI  month chart
    Company & Industry Overviews

    WTI Crude Oil Holds above $50 per Barrel

    WTI crude oil for May delivery trading in NYMEX gained marginally by 0.73% in yesterday’s trade. WTI oil prices closed at $50.79 per barrel on April 9, 2015.

    By Gordon Kristopher
  • uploads///wilhelmshaven sea bridge tanker
    Energy & Utilities

    Crude Tanker Stocks Fell in Week 29

    The BDTI can be used to assess the crude tanker industry. In week 29 (week ending July 20), the BDTI fell from 744 to 723.

    By Sue Goodridge
  • uploads///fadedabecfeddcdf
    Macroeconomic Analysis

    Crude Oil Prices Fell Due to the Appreciating US Dollar

    December WTI crude oil futures contracts trading in NYMEX fell by 2.6% on November 17. Crude oil prices resumed a downward trend.

    By Gordon Kristopher
  • uploads///long haul trade
    Company & Industry Overviews

    US Crude Takes Longest Route to Reach Destinations

    According to preliminary weekly US data, total crude exports have averaged ~0.77 MMbpd in 2017—substantially higher than the same period last year.

    By Sue Goodridge
  • uploads///TNK
    Miscellaneous

    Analysts See a 43% Potential Upside for Teekay Tankers

    The consensus 12-month target price for Teekay Tankers is $1.69, which implies a potential upside of 43.2% from its July 11 market price.

    By Sue Goodridge
  • uploads///valuation
    Company & Industry Overviews

    How Does Tsakos’s Valuation Compare to Its Peers and Its Past?

    Tsakos Energy Navigation’s enterprise value to earnings before interest, tax, depreciation, and amortization multiple is 4.7x as of February 18, 2016.

    By Sue Goodridge
  • uploads///Revenue
    Earnings Report

    Why Tsakos Energy Navigation’s Revenue Rose 19% in 4Q16

    Tsakos Energy Navigation (TNP) posted revenue of $130.0 million in 4Q16, which was 19.0% higher than $109.0 million in 3Q16.

    By Sue Goodridge
  • uploads///Peer Grp Valuation
    Macroeconomic Analysis

    Key for Investors: Valuations as Indicators

    In the shipping industry, valuations are generally higher in bad times—the profitability is lower. Similarly, valuations are lower in good times.

    By Sue Goodridge
  • uploads///Highlights
    Energy & Utilities

    Euronav: Third-Best Performer among Crude Tanker Stocks

    Euronav’s (EURN) YTD (year-to-date) returns were -9.2% as of April 5, 2018. Euronav is the third-best performer among its peers on a YTD basis.

    By Sue Goodridge
  • uploads///Ratios
    Earnings Report

    How DHT Holdings Has Been Improving Its Leverage

    DHT Holdings’ (DHT) debt has risen to $662 million as of the end of 4Q15 from $621 million recorded in 3Q15.

    By Sue Goodridge
  • uploads///Euronav Fleet
    Earnings Report

    Fleet Updates for Euronav in 4Q16

    Long-term contract On October 3, 2016, Euronav (EURN) signed a long-term time charter contract with Valero Energy. The contract is for seven years and will commence in 2018. To fulfill the contract, Euronav has ordered two Suezmax vessels. They will be delivered in early 2018, just before the contract commences. Delivery deferred Euronav’s two VLCCs […]

    By Sue Goodridge
  • uploads///PMI
    Miscellaneous

    How China’s Manufacturing Industry Is Performing

    China’s manufacturing purchasing managers’ index In March 2017, China’s manufacturing PMI (purchasing managers’ index) score, a key indicator of the country’s economic health, stood at 51.8 (MCHI) (FXI). That was slightly higher than the 51.6 seen in February 2017. Its PMI score has risen for nine months straight. The reading was well above Reuters’s estimate and […]

    By Sue Goodridge
  • uploads///Fleet
    Earnings Report

    Is Tsakos Energy’s Fleet the Key to a Bright Future?

    Tsakos Energy Navigation (TNP) has a fleet of 65 double hull vessels consisting of a mix of crude tankers, product tankers, and LNG carriers.

    By Sue Goodridge
  • uploads///global inventory
    Macroeconomic Analysis

    Crude Oil Inventories Suggest Bear Market May Extend beyond 2016

    The EIA projects that global crude oil inventories could slow down to 1.4 MMbpd in 4Q15, and then fall to an average of around 0.6 MMbpd.

    By Gordon Kristopher
  • uploads///Oil Demand
    Earnings Report

    Euronav: Recycling Is Encouraging for the Tanker Industry

    Euronav (EURN) discussed the crude tanker industry in its 1Q18 conference call. Euronav talked about headwinds and constructive drivers.

    By Sue Goodridge
  • uploads///Revenue
    Earnings Report

    Analysts Expect a Plunge in Frontline’s 3Q16 Revenues

    Because crude tanker rates are generally strong in the fourth quarter, Wall Street analysts expect Frontline (FRO) to report a rise in revenue to $115.8 million in 4Q16.

    By Sue Goodridge
  • uploads///Article
    Real Estate

    Newbuild prices record marginal change

    Newbuild VLCC (very large crude carrier) prices for the month of November 2014 decreased to $97.7 million compared to $98.1 million in October 2014.

    By Katie Dale
  • uploads///Article
    Industrials

    Five-year and ten-year VLCC prices increase

    With faster deliveries and employment of vessels, secondhand vessels tend to reflect industry participants’ expectations for medium-term fundamentals.

    By Katie Dale
  • uploads///Article
    Energy & Utilities

    Crude oil contango and offshore storage

    The drastic drop in crude oil prices created a situation in which the price of near-term crude is cheaper than the price of long-term crude.

    By Katie Dale
  • uploads///Article
    Energy & Utilities

    DHT Holdings’ fleet portfolio and vessels under construction

    Most of the vessels in DHT Holdings’ fleet portfolio were built in the year 2000 and onwards. The exception is one vessel that was built in 1999.

    By Katie Dale
  • uploads///Baltic Dirty Tanker Index
    Macroeconomic Analysis

    Tanker Rates Exhibit a Counter-Seasonal Trend

    For June, the Baltic Dirty Tanker Index recorded 43% growth on a YoY basis. It was at 1,025. Normally, the tanker rates slowdown in the second quarter.

    By Sue Goodridge
  • uploads///Analyst Recco_
    Miscellaneous

    Evercore Downgraded DHT and Revised Companies’ Target Prices

    In week 30, the week ending July 27, Evercore downgraded one crude tanker company and revised other companies’ target prices.

    By Sue Goodridge
  • uploads///Spot_Week _Revised
    Energy & Utilities

    VLCC Rates Rose, Suezmax Rates Fell in Week 30

    According to Weber’s report, the Suezmax rates on the West Africa-UK route fell from $7,184 to $6,451 per day on July 20–27.

    By Sue Goodridge
  • uploads///wilhelmshaven sea bridge tanker
    Energy & Utilities

    China’s June Data Impact the Crude Tanker Industry

    China (FXI) released its key economic data for June—import and export data, auto sales data, and the manufacturing index.

    By Sue Goodridge
  • uploads///beach _
    Earnings Report

    Navios Maritime Midstream Partners: Q2 2018 Highlights

    Navios Maritime Midstream Partners (NAP) released its second-quarter results today. The company earned revenue of $20.8 million.

    By Sue Goodridge
  • uploads///Analyst Recco_
    Miscellaneous

    Morgan Stanley Revised NAT and DHT’s Target Prices

    On July 17, Morgan Stanley raised Nordic American Tankers’ (NAT) target price to $2.5 from $2.25.

    By Sue Goodridge
  • uploads///Spot_Week _Revised
    Energy & Utilities

    VLCC and Suezmax Rates Rose in Week 29

    According to Weber’s weekly report, the VLCC (very large crude carrier) demand was stronger in week 29, which led to a rebound in VLCC rates.

    By Sue Goodridge
  • uploads///Spot_Week _Revised
    Energy & Utilities

    VLCC and Suezmax Rates Fall

    According to Charles R. Weber’s weekly report, VLCC (very large crude carrier) demand across all key global markets was muted last week, softening rates.

    By Sue Goodridge
  • uploads///Analyst Recco_
    Energy & Utilities

    Week 26: Analysts’ Ratings for Crude Tanker Companies

    In week 26, which ended on June 29, none of the analysts revised their recommendations or target prices for crude tanker companies.

    By Sue Goodridge
  • uploads///ship waters sea transport system
    Energy & Utilities

    Week 26: Crude Tanker Industry Update

    In week 26, which ended on June 29, the BDTI fell from 754 to 712. In week 25, the index dropped by one point.

    By Sue Goodridge
  • uploads///NAT
    Miscellaneous

    NAT, EURN, TNK: Which One Do Analysts Like the Most?

    Analysts’ consensus rating for Nordic American Tankers (NAT) is 3.33, which means a “hold.”

    By Sue Goodridge
  • uploads///EURN
    Miscellaneous

    Euronav Takes Fourth Place among Crude Tanker Stocks This Year

    Euronav’s (EURN) YTD (year-to-date) returns were -1% as of June 28.

    By Sue Goodridge
  • uploads///NAT
    Miscellaneous

    NAT Is the Third Best Crude Tanker Stock Performer

    Nordic American Tankers’ (NAT) YTD (year-to-date) returns were 7% as of June 28.

    By Sue Goodridge
  • uploads///tanker _
    Miscellaneous

    DHT Holdings Is the Top Crude Tanker Stock So Far This Year

    DHT Holdings’ YTD returns stood at 30.6% as of June 28. The stock is the best performer among its peers so far this year.

    By Sue Goodridge
  • uploads///Revenue_New Logo
    Company & Industry Overviews

    Analysts’ Forecast for Crude Tanker Companies’ Q2 Earnings

    Previously, we discussed analysts’ recommendations for crude tanker stocks. Let’s now compare analysts’ revenue and EBITDA estimates for these companies in Q2 2018.

    By Sue Goodridge
  • uploads///Financial Highlights_New Logo
    Company & Industry Overviews

    These Crude Tanker Companies Had Positive Free Cash Flow in Q1

    Previously, we discussed crude tanker companies’ EBITDA. In this article, we’ll discuss their FCF (free cash flow).

    By Sue Goodridge
  • uploads///Revenue_New Logo
    Company & Industry Overviews

    A Look at Crude Tanker Companies’ Q1 Revenue

    In this article, we’ll compare five crude tanker companies’ Q1 2018 revenue.

    By Sue Goodridge
  • uploads///Analyst Recco_
    Miscellaneous

    Crude Tankers: Wells Fargo’s Revised Recommendations

    On June 18, Wells Fargo upgraded DHT Holdings (DHT), Frontline (FRO), and Teekay Tankers (TNK) to “outperform.”

    By Sue Goodridge
  • uploads///Spot_Week _Revised
    Energy & Utilities

    Suezmax and VLCC Rates Rose in Week 25

    The VLCC fixture tally in the Middle East market was 28 in week 25—a weekly gain of one. In the West Africa market, the VLCC fixture tally was seven.

    By Sue Goodridge
  • uploads///Oil imports China_New Logo
    Energy & Utilities

    How China’s May Crude Oil Imports Affect Crude Tanker Stocks

    In dollar terms, China’s (FXI) exports rose 12.6% YoY (year-over-year) while its imports rose 26% in May.

    By Sue Goodridge
  • uploads///flag _
    Energy & Utilities

    Why China Remains So Important for the Crude Tanker Industry

    China, which has the second-largest economy in the world, also has a significant impact on the crude oil tanker industry.

    By Sue Goodridge
  • uploads///TNP
    Energy & Utilities

    Evercore Revised Tsakos Energy Navigation’s Target Price

    On June 15, Evercore reduced the target price for Tsakos Energy Navigation to $5 from $6 and maintained an “outperform” rating.

    By Sue Goodridge
  • uploads///TNP
    Energy & Utilities

    Tsakos Energy Navigation: No ‘Sell’ Ratings for 2 Years

    According to Reuters, the consensus rating for Tsakos Energy Navigation is two, which means a “buy.”

    By Sue Goodridge
  • uploads///DHT
    Miscellaneous

    DHT Holdings: Analysts Recommend a ‘Buy’

    According to Reuters, the consensus rating for DHT Holdings (DHT) is 2.21, which means a “buy.”

    By Sue Goodridge
  • uploads///tanker _
    Earnings Report

    Analyst Recommendations for Tsakos Energy Navigation before Q1

    Tsakos Energy Navigation (TNP) is expected to release its first-quarter results on June 15. The stock has fallen 5.6% YTD as of May 30.

    By Sue Goodridge
  • uploads///TNK
    Energy & Utilities

    Teekay Tankers: Analysts Recommend a ‘Hold’

    For Teekay Tankers, one analyst recommended a “strong buy,” two recommended a “buy,” four recommended a “hold,” and one recommended a “sell.”

    By Sue Goodridge
  • uploads///tanker _
    Earnings Report

    Analysts Expect Frontline’s First-Quarter Revenue to Fall 30%

    Analysts estimate net revenues of $85.2 million for Frontline (FRO) in the first quarter. A sequential fall from $178.5 million in the previous quarter.

    By Sue Goodridge
  • uploads///Spot Rates_Week
    Miscellaneous

    Week 20: Aframax Rates Are Higher than VLCC Rates

    In week 20, the VLCC rates for the route from the Arabian Gulf to China rose to $8,526 per day on May 18 from $7,360 per day on May 11.

    By Sue Goodridge
  • uploads///bamboo network _
    Energy & Utilities

    China’s April Trade Data and the Crude Oil Tanker Industry

    China, which has the second-largest economy in the world, has a significant impact on the crude tanker industry.

    By Sue Goodridge
  • uploads///Spot Rates_Week
    Energy & Utilities

    VLCC Rates below $10,000 for the Third Consecutive Week

    According to Weber’s weekly report, VLCC (very large crude carrier) rates lacked a clear direction in week 17 with positive and negative pressure.

    By Sue Goodridge
  • uploads///Financial Highlights
    Earnings Report

    Updates on the Euronav and Gener8 Maritime Merger

    Euronav (EURN) and Gener8 Maritime Partners’ (GNRT) merger should close towards the end of 2Q18—subject to Gener8 shareholders’ vote.

    By Sue Goodridge
  • uploads///Analyst Recco
    Energy & Utilities

    JPMorgan Chase Upgraded Navios Maritime Midstream Partners

    On April 20, JPMorgan Chase upgraded Navios Maritime Midstream Partners (NAP) by two notches to “overweight” from “underweight.”

    By Sue Goodridge
  • uploads///Spot Rates_Week
    Energy & Utilities

    VLCC Rates Dropped below $10,000 per Day

    According to Weber’s weekly report, VLCC demand was slower than expected last week.

    By Sue Goodridge
  • uploads///Spot Rates_Week
    Energy & Utilities

    VLCC, Suezmax, and Aframax Rates Dropped in Week 14

    VLCC rates for the route from the Arabian Gulf to China fell to $14,531 per day on April 6, 2018, from $15,949 per day on March 29.

    By Sue Goodridge
  • uploads///DHT_Analyst Rating
    Energy & Utilities

    Analysts’ Recommendations: Top 2 Crude Tanker Stocks

    DHT Holdings has the best YTD return as of April 5, 2018, among its peers. Analysts’ consensus rating for DHT Holdings (DHT) is 2.25.

    By Sue Goodridge
  • uploads///Analyst Recco
    Energy & Utilities

    Analysts’ Recommendations for Crude Tanker Companies

    In week 11, the week ending March 16, 2018, none of the analysts revised their recommendations or target prices for crude tanker companies.

    By Sue Goodridge
  • uploads///Spot Rates_Week
    Energy & Utilities

    VLCC and Suezmax Rates Fell in Week 11

    In the Middle East market, 21 VLCC fixtures were recorded in week 11—the week ending March 16, 2018.

    By Sue Goodridge
  • uploads///Spot Rates_Week
    Energy & Utilities

    Week 10: Where Are Crude Tanker Rates Heading?

    Suezmax rates on the route from West Africa to the United Kingdom dropped from $13,860 per day on March 2 to $10,553 per day on March 9, 2018.

    By Sue Goodridge
  • uploads///Analyst Recco
    Earnings Report

    Tsakos Energy Navigation: Analyst Recommendations before 4Q17

    Of the 13 analysts covering Tsakos Energy Navigation, two of them have recommended a “strong buy,” while six have recommended a “buy.”

    By Sue Goodridge
  • uploads///EBITDA
    Earnings Report

    Analyst Expectations for Tsakos Energy Navigation’s 4Q17 Earnings

    Analysts’ EBITDA estimate for 4Q17 is $55.3 million, which would mean a 17.2% rise from $47 million in the previous quarter.

    By Sue Goodridge
  • uploads///Revenue
    Earnings Report

    Analysts Expect Tsakos Energy Navigation’s Revenue to Fall 18%

    Wall Street analysts expect Tsakos Energy Navigation’s (TNP) net revenue to be $107 million in 4Q17.

    By Sue Goodridge
  • uploads///Spot Rates_Week
    Energy & Utilities

    Week 9: Where Are Crude Tanker Rates Headed?

    The average Aframax rates rose to $12,929 per day on March 2—compared to $9,837 per day on February 23.

    By Sue Goodridge
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