Teekay Tankers Ltd

Most Recent

  • 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///tanker _
    Energy & Utilities

    How Did the Crude Tanker Industry Fare in Week 30?

    In week 30, the week ending July 27, the BDTI rose to 759 from 723. The BDTI has risen ~8.4% in 2018.

    By Sue Goodridge
  • uploads///PMI_New Logo
    Energy & Utilities

    China’s PMI in June Impacts the Crude Tanker Industry

    China released its June PMI on July 1. In June, China’s manufacturing PMI was 51.5. The PMI fell 0.4% from the previous month.

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

    Analysts Estimate a 65% Fall in Frontline’s First-Quarter EBITDA

    Analysts’ EBITDA estimate for Frontline in the first quarter is $33.2 million—a 65% decrease from $97.3 million in the first quarter of 2017.

    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///Bunker Fuel Prices_Week _Revised
    Energy & Utilities

    Trump Withdraws US from Iran Nuclear Deal: Bunker Fuel Prices Up

    In week 19, average VLCC (very large crude carrier) rates dropped from the previous week and are again below $10,000.

    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///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///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///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///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
    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///tanker _
    Miscellaneous

    Which Crude Tanker Stocks Didn’t Make the Top 5?

    Nordic American Tankers (NAT) hit a 52-week low of $1.82 on April 3, 2018. The stock has fallen more than 76% in the past year.

    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///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///tanker _
    Energy & Utilities

    Will the Trade War Impact the Crude Tanker Industry?

    On March 22, 2018, President Trump announced the imposition of up to $60.0 billion on China’s imports. China plans $3 billion in retaliatory tariffs.

    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
  • uploads///Bunker Fuel Prices_Week
    Energy & Utilities

    Week 10: Where Bunker Fuel Prices Are Heading

    On March 8, 2018, the average bunker fuel price was $411 per ton—compared to $409.5 per ton on March 1.

    By Sue Goodridge
  • uploads///tanker _
    Miscellaneous

    Week 10: Crude Tanker Industry Overview

    In week 10 of 2018, which ended on March 9, the BDTI dropped to 653 from 669. In week 9, the index rose by 23 points.

    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///Analyst Recco
    Energy & Utilities

    Week 9: Evercore Revised Frontline’s Target Price

    In week 9 of 2018, one analyst revised Frontline’s (FRO) target price. On March 1, Evercore reduced Frontline’s target price to $3.5 from $4.

    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
  • uploads///tanker _
    Miscellaneous

    Week 9: Crude Tanker Industry Update

    In week 9 of 2018, which ended on March 2, the BDTI rose from 646 to 669. In week 8, the index fell by three points.

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

    Week 8: Evercore Revised Frontline’s Target Price

    In week 8, the week ending February 23, 2018, one analyst revised the target price for Frontline (FRO).

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

    Week 7: Crude Tanker Industry Update

    In week 7 of 2018, which ended on February 16, the BDTI rose to 649 from 642. In week 6, the index fell by 16 points.

    By Sue Goodridge
  • uploads///Revenue
    Earnings Report

    How Navios Maritime Midstream Partners’ Revenues Trended in 4Q17

    Navios Maritime Midstream Partners’ (NAP) 4Q17 revenue of $22.7 million fell $0.1 million from the $22.8 million revenue recorded in 4Q16.

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

    Week 5: VLCC Demand Lowest in the Past Few Years

    VLCC rates for the route from the Arabian Gulf to China dropped from $10,925 per day on January 26 to $8,274 per day on February 2.

    By Sue Goodridge
  • uploads///Balance sheet
    Earnings Report

    Euronav and Gener8 Maritime Partners’ Merger

    On December 21, 2017, Euronav (EURN) and Gener8 Maritime Partners (GNRT) announced a stock-for-stock merger.

    By Sue Goodridge
  • uploads///Balance sheet
    Earnings Report

    Analyzing Euronav’s Balance Sheet on December 31

    Euronav had a liquidity of $754 million at the end of the fourth quarter. Euronav has been working to strengthen its liquidity position.

    By Sue Goodridge
  • uploads///EBITDA
    Earnings Report

    Euronav in 4Q17: A Look at Costs and Earnings

    Euronav’s vessel operating expenses fell to ~$33.9 million in 4Q17—compared to ~$37.3 million in 4Q16 and $37.9 million in 3Q17.

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

    VLCC, Suezmax, and Aframax Rates Fell Steeply in Week 4 of 2018

    According to Weber’s weekly report, VLCC fundamentals weakened considerably in last week. Souring fundamentals pushed the rates down.

    By Sue Goodridge
  • uploads///Analyst Ratings
    Miscellaneous

    Analysts’ Recommendations before NAP’s 4Q17 Results

    Four analysts cover Navios Maritime Midstream Partners (NAP). According to Reuters, the consensus rating for the stock is 3.25, which means a “hold.”

    By Sue Goodridge
  • uploads///Revenue
    Earnings Report

    Navios Maritime Midstream Partners’ Revenue Could Fall 7%

    Analysts expect revenues of $21.18 million for Navios Maritime Midstream Partners in 4Q17—compared to $20.7 million in the previous quarter.

    By Sue Goodridge
  • uploads///Analyst Recco
    Miscellaneous

    J.P. Morgan Revises Target Price for Two Crude Tanker Companies

    On January 19, 2018, J.P. Morgan reduced its target price for Euronav to $8 from $9.

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

    How Crude Tanker Rates Moved Last Week

    According to the Weber weekly report, VLCC (very large crude carriers) rates moved broadly higher on the back of narrowing availability of vessels in the Middle East market.

    By Sue Goodridge
  • uploads///EURN
    Earnings Report

    Euronav: Analysts’ Recommendations before Its 4Q17 Results

    The average target price for Euronav is $9.9—compared to its current market price of $8.95. It implies a potential upside of 10.6%.

    By Sue Goodridge
  • uploads///EBITDA
    Earnings Report

    Euronav: Where Do Analysts View Its 4Q17 EBITDA?

    Since analysts estimate a rise in Euronav’s revenue compared to 3Q17, they also expect the EBITDA to rise.

    By Sue Goodridge
  • uploads///Revenue
    Earnings Report

    Euronav: Analysts Estimate an 18.7% Fall in Its 4Q17 Revenues

    Wall Street analysts expect revenues of $118.9 million for Euronav (EURN) in 4Q17—compared to $104.8 million in the previous quarter.

    By Sue Goodridge
  • uploads///China Auto Sales
    Energy & Utilities

    Analyzing China’s December Auto Sales Data

    In December 2017, China’s auto sales rose 0.1% YoY (year-over-year) to 3.1 million. China’s automobile sales have been rebounding since June.

    By Sue Goodridge
  • uploads///Oil imports China
    Energy & Utilities

    China’s Crude Oil Imports Fell fom November’s High

    In December, China’s crude oil imports were 33.7 million tons—down from 37.04 million tons in the previous month.

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

    China’s December Trade Data Impact the Crude Tanker Industry

    China (FXI) released key economic data for December 2017—import and export data, auto sales data, and the manufacturing index.

    By Sue Goodridge
  • uploads///Analyst Recco
    Miscellaneous

    Week 2: Analysts’ Ratings for Crude Tanker Stocks

    In the week ending January 12, 2018, none of the analysts revised their recommendations on crude (DBO) tanker companies.

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

    Suezmax and Aframax Rates Fell in Week 2

    According to the Gibson report, Suezmax rates on the West Africa to United Kingdom route fell to $6,500 per day on January 11, 2018.

    By Sue Goodridge
  • uploads///Analyst Recco
    Miscellaneous

    UBS Downgraded Gener8 Maritime Partners

    On January 4, 2018, UBS downgraded Gener8 Maritime Partners (GNRT) to “neutral” from “buy” and raised the target price to $6.75 from $6.5.

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

    Crude Tanker Rates: 2018 Hasn’t Started on a Good Note

    According to Weber’s report for week 1 of 2018, VLCC rates continued to sour due to the rising level of surplus availability in the Middle East market.

    By Sue Goodridge
  • uploads///Revenue
    Miscellaneous

    Frontline: Analysts Recommend a ‘Hold’

    One analyst gave a “buy” recommendation, four analysts gave a “hold” recommendation, and one analyst gave a “sell” recommendation for Frontline stock.

    By Sue Goodridge
  • uploads///Crude Tanker Stock Perf
    Miscellaneous

    Crude Tankers: Analysts’ Recommendations Heading into 2018

    Crude tanker rates increased slightly in the fourth quarter. The rates were supported by refineries returning from seasonal maintenance.

    By Sue Goodridge
  • uploads///Crude OIl Prices_Week
    Miscellaneous

    Week 51: Crude and Bunker Fuel Prices

    According to EIA data, US crude inventories fell for the fifth consecutive week—down by 6.5 MMbbls for the week ending December 15, 2017.

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

    Week 51: Analysts’ Recommendations for Crude Tanker Companies

    None of the analysts revised their recommendations or target prices for crude (DBO) tanker companies in week 51 (week ending December 22, 2017).

    By Sue Goodridge
  • uploads///Crude Tanker Stock Perf
    Miscellaneous

    Why Gener8 Maritime Partners Rose Steeply Last Week

    On December 21, 2017, Euronav confirmed that it will acquire Gener8 Maritime Partners for ~$493 million in an all-stock transaction.

    By Sue Goodridge
    • CONNECT with Market Realist
    • Link to Facebook
    • Link to Twitter
    • Link to Instagram
    • Link to Email Subscribe
    Market Realist Logo
    Do Not Sell My Personal Information

    © Copyright 2021 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.