Euronav NV

Most Recent

  • uploads///Recent highlights
    Earnings Report

    Recent Developments for Navios Maritime Midstream Partners

    In October, NAP amended its existing management agreement with Navios Tankers Management. It extended the fleet’s fixed-fee period for commercial and technical management services.

    By Sue Goodridge
  • uploads///oil imports
    Macroeconomic Analysis

    China Had the 2nd-Highest Crude Oil Imports in August

    August was the first time in 22 months that China has recorded a YoY increase in imports. Crude oil imports for China are now at a record high.

    By Sue Goodridge
  • 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///Refinery margins
    Macroeconomic Analysis

    Oil Supply and Refinery Margins Concern Crude Tankers

    Refinery margins have fallen throughout most of the world. US Gulf refinery margins for WTI crude lost more than $2 compared to last month’s level.

    By Sue Goodridge
  • uploads///TC Rate
    Macroeconomic Analysis

    Week 10: After Last Week’s Dip, Time Charter Rates Stabilize

    VLCC time charter rates were almost constant in week ten of 2016. Otherwise, there hasn’t been a significant move in time charter rates in last few weeks.

    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///bbecaafaacf
    Earnings Report

    Tsakos Energy Navigation’s Revenue and EBITDA Fell in 1Q16

    Tsakos Energy Navigation’s 1Q16 net revenues fell by 11.6% to $99 million from $112 million in the previous quarter.

    By Sue Goodridge
  • uploads///NAP
    Miscellaneous

    Analysts Recommend a ‘Hold’ on Navios Maritime Midstream Partners

    The consensus 12-month target price for Navios Maritime Partners is $4.83, which implies a potential upside of 40.82% from its market price on July 12.

    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///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///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///EBITDA
    Earnings Report

    Behind Analysts’ High Estimates for Tsakos

    Tsakos operates a total fleet of 50 tankers and has 15 tankers under construction. Of these 15, seven newbuilds are expected to join the fleet in 2016.

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

    China’s Imports: 12.5% Higher in First 4 Months of 2017

    China’s crude oil imports hit an all-time high in March. April’s crude oil imports eased—total crude oil imports came in at 34.39 million tons.

    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///oil prodcution
    Macroeconomic Analysis

    How the OPEC Production Cut Turned Out for Crude Tankers

    Crude oil production has gradually fallen since the beginning of 2016, especially on the non-OPEC (Organization of the Petroleum Exporting Countries) side.

    By Sue Goodridge
  • uploads///Market Outlook
    Earnings Report

    Frontline in 3Q15: Risks and Bullish Factors for Tanker Industry

    The main factor for a bright outlook for the tanker industry is the world oil supply, which is at the highest level ever at 97 million barrels per day. The low price for oil is supporting higher demand.

    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///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///Dividends
    Earnings Report

    Euronav’s Cash Return Policies to Shareholders

    In September 2015, Euronav distributed an interim dividend of $0.62 per share. Euronav has stated that it is committed to distributing 80% of net income.

    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///EBITDA
    Earnings Report

    Looking Back and Forward: Tsakos’s EBITDA in 4Q15, in 1Q16

    Tsakos Energy Navigation’s vessel operating expenses decreased to $33 million in 4Q15 compared to $38 million in 4Q14. The firm sold two vessels in 3Q15.

    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///Auto Sales
    Macroeconomic Analysis

    How Did China’s Car Sales Turn Out in February?

    After outstanding auto sales in January, China’s auto sales took a dive in February. In February, the total sales recorded came in at 1.6 million, which was down 0.86% YoY (year-over-year) and down 36% from the previous month.

    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///Auto
    Macroeconomic Analysis

    Understanding China’s Rising Auto Sales in November 2016

    China’s (FXI) auto sales rose to ~2.9 million in November 2016 from ~2.7 million in October.

    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///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///Ownership
    Earnings Report

    Nordic American Tankers’ Increased Ownership in NAO

    On November 12, Nordic American Tankers announced that it will purchase more shares in Nordic American Offshore. This will increase its ownership.

    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///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///Saudi Production
    Macroeconomic Analysis

    Saudi Arabian Oil Production and Demand Increase

    In June 2015, Saudi Arabian oil production hit a record high of 10.57 mbpd, the highest in the last three decades. In July, oil production fell to 10.36 mbpd, but it was still 4% higher than the same period last year.

    By Sue Goodridge
  • uploads///FRO
    Earnings Report

    Frontline: What Do Analysts Expect in 1Q18?

    The consensus 12-month target price for Frontline is $5.02, which implies a potential upside of 3.7% from the market price on April 19.

    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///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///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///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///Brent Crude Oil Prices
    Macroeconomic Analysis

    How Oil Prices Have Been a Boost for the Crude Tanker Industry

    The biggest cost to run a ship is bunker fuel. Low oil prices benefit shipping companies a great deal, as lower costs can increase the bottom line substantially.

    By Sue Goodridge
  • 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///Bunker Fuel Prices_Week
    Energy & Utilities

    Bunker Fuel Prices and Crude Oil Prices Fell in Week 30

    For the week ending July 27, oil prices rose 2%. Oil prices were supported by EIA’s (U.S. Energy Information Administration) weekly report.

    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///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///Bunker Fuel Prices_Week
    Energy & Utilities

    Where Did Bunker Fuel Prices Head in Week 29?

    On July 12–19, bunker fuel’s average price fell to $478.5 per ton from $504 per ton. The bunker fuel prices at Rotterdam fell to $416 per ton.

    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///Bunker Fuel Prices_Week
    Energy & Utilities

    A Look at Bunker Fuel Prices Last Week

    Between July and July 12, bunker fuel’s average price fell to $504 from $505.25 per ton.

    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///TNP
    Energy & Utilities

    Tsakos Energy Navigation: Analysts’ Views before Q2 2018 Results

    The consensus 12-month target price for Tsakos Energy Navigation is $5.05, which implies a potential upside of 44.7% from its market price on July 12.

    By Sue Goodridge
  • uploads///EURN
    Miscellaneous

    Analysts’ Estimates before Euronav’s Q2 2018 Results

    The consensus 12-month target price for Euronav is $10.89, which implies a potential upside of 22.36% from its market price on July 12.

    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///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///EBITDA
    Company & Industry Overviews

    Comparing Euronav’s, Frontline’s, and Teekay Tankers’ Earnings

    Previously, we compared five crude tanker companies’ Q1 2018 revenue. In this article, we’ll look at their Q1 2018 EBITDA.

    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///freighter _
    Company & Industry Overviews

    Comparing Crude Tanker Companies’ Time Charter Equivalent Rates

    In this series, we’ll compare crude tanker companies’ performance and their outlook for future quarters.

    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///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///Financial Highlights_New Logo
    Miscellaneous

    Euronav’s Updates in Week 24

    On June 15, Euronav sold six VLCCs (very large crude carriers) to Seaways. The company sold six vessels for a consideration of $434 million.

    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///freight _
    Miscellaneous

    Why Nordic American Tankers Stock Jumped 21% Yesterday

    Shares of Nordic American Tankers (NAT) closed at $2.62 on June 18—21.3% higher than the previous day’s closing price.

    By Sue Goodridge
  • uploads///GNRT
    Miscellaneous

    Gener8 Maritime Partners: Analysts Recommend a ‘Buy’

    The consensus 12-month target price for Gener8 Maritime Partners is $6.8—a potential upside of 10.4% from the market price of $6.16 on May 25.

    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///NAP
    Miscellaneous

    NAP: Analysts’ Recommendations for May

    Navios Maritime Midstream Partners earned revenues of $19.8 million in the first quarter—6.3% lower than the previous year.

    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///FRO
    Miscellaneous

    Frontline: Analysts’ First-Quarter Estimates

    According to Reuters, the consensus rating for Frontline (FRO) is 3.33, which means a “hold.”

    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///Bunker Fuel_Week
    Miscellaneous

    Where Are Bunker Fuel Prices Headed?

    On May 24, the average bunker fuel price was $512.25 per ton compared to $509.25 per ton on May 17.

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

    DNB Market Raised Frontline’s Target Price

    On May 29, DNB Market raised the target price for Frontline to 60 Norwegian kroner from 40 Norwegian kroner.

    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///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///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
    Miscellaneous

    Analysts’ Recommendations for Crude Tankers: A Comparison

    Now that we’ve compared crude tanker companies’ 4Q17 performances, let’s discuss analysts’ recommendations.

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

    Which Crude Tanker Company Earned the Highest TCE in 4Q17?

    In this article, we’ll compare the TCE (time charter equivalent) rates these crude tanker companies achieved in 4Q17.

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

    JPMorgan Chase: Revisions for TNP and EURN

    On March 23, 2018, JPMorgan Chase reduced Tsakos Energy Navigation’s (TNP) target price to $5 from $5.5.

    By Sue Goodridge
  • uploads///Bunker Fuel Prices_Week
    Energy & Utilities

    Analyzing Bunker Fuel Prices in Week 12

    On March 22, 2018, the average bunker fuel price was $423 per ton—compared to $413 per ton on March 15.

    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///Bunker Fuel Prices_Week
    Energy & Utilities

    Where Did Bunker Fuel Prices Head in Week 11?

    On March 15, 2018, the average bunker fuel price was $413 per ton—compared to $411 per ton on March 8.

    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
    Energy & Utilities

    Week 10: UBS Revised Tsakos Energy Navigation’s Target Price

    In week 10, the week ending March 9, 2018, one analyst revised Tsakos Energy Navigation’s (TNP) target price.

    By Sue Goodridge
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