Tsakos Energy Navigation Ltd

Most Recent

  • Industrials

    Scorpio Tankers’ shares in Dorian to be registered for resale

    Dorian will be registering for resale, under the Securities Act of 1933 as amended, all the Dorian shares that Scorpio Tankers (STNG) owns. Scorpio Tankers currently owns approximately 9.4 million shares, or 16.3%, of Dorian.

    By Katie Dale
  • 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///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
  • Energy & Utilities

    Must-know: Why products supplied are increasing

    For the week ending October 3, 2014, total products supplied were 19 million barrels per day (or bpd)—compared to 18.6 million bpd in the first week of September.

    By Katie Dale
  • uploads///Article
    Earnings Report

    Navios Maritime Acquisition fleet enjoys profitable charter rates

    A strong increase in tanker rates is allowing Navios Maritime Acquisition to secure attractive contract periods for its fleet of charters.

    By Katie Dale
  • 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///Crude Tanker  Years Old Price
    Energy & Utilities

    Why current secondhand oil tanker values suggest a mixed outlook

    While the VLCC data is positive, the picture for the crude tanker business remains mixed. This could portray a short-to-medium-term negative outlook.

    By Xun Yao Chen
  • 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///Newbuilds
    Industrials

    Scorpio Tankers adopts a shift in charter mix

    For the third quarter of 2014, the charter hire expense increased $1.1 million to $32.9 million, from $31.9 million in the year ago quarter.

    By Katie Dale
  • 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///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
  • Energy & Utilities

    Why 5- and 10-year Very Large Crude Carrier prices are consistent

    Five-year-old VLCC prices remained consistent, at $75 million, with the previous month’s levels. Year-over-year prices increased by 36%. Ten-year-old VLCC prices stood unchanged at $48 million and increased by 41.2% year-over-year.

    By Katie Dale
  • uploads///Crude Tanker Newbuild Price
    Energy & Utilities

    Newbuild tanker prices rose, but you should still use caution

    October’s increase is generally positive for the long-term prospects of tanker stocks like Frontline ltd. (FRO) or Nordic American Tanker Ltd. (NAT).

    By Xun Yao Chen
  • uploads///Crude Tanker Capacity    e
    Energy & Utilities

    Weekly tanker digest: Have fundamentals changed? (Part 4)

    Continued from Part 3 The importance of capacity Capacity, in a commoditized industry like shipping, is an important metric that directly impacts companies’ top line, or revenue performance. When capacity grows faster than demand, competition will rise among individual shipping firms as they try to use idle ships and cover fixed costs. This will lower day […]

    By Xun Yao Chen
  • 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///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///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///Crude Tanker Price  Years Old    e
    Energy & Utilities

    Why 15-year ship prices point to negative outlook for tanker stocks and earnings

    Why ship prices (value) matter Ship prices (values) are often good indicators of financial health in the shipping industry. When shipping demand grows more than the supply of ships, shipping companies place additional orders of ships, which drives up purchase prices. Additionally, when firms are able to charge higher prices for transporting goods across the […]

    By Xun Yao Chen
  • uploads///us crude oil stocks
    Macroeconomic Analysis

    API Crude Oil Stocks Could Add More Pain for Crude Oil Prices

    On April 19, the API will release its weekly crude oil inventory report. The US crude oil inventory rose by 6.22 MMbbls for the week ending April 8, 2016.

    By Gordon Kristopher
  • Energy & Utilities

    Why a high cash breakeven cost is risky for Frontline

    The cash breakeven costs are the daily rates of Frontline’s (or FRO) vessels. They have to earn the rates to cover budgeted operating costs and dry dock, estimated interest expense, payable at hire, and corporate overhead costs.

    By Katie Dale
  • 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
  • Energy & Utilities

    7 points that reflect tanker fundamentals say recovery isn’t looming (Part 4)

    Continued from Part 3 The importance of capacity Capacity, in a commoditized industry like shipping, is an important metric that directly impacts companies’ top line, or revenue performance. When capacity grows faster than demand, competition will rise among individual shipping firms as they try to use idle ships and cover fixed costs. This will lower […]

    By Xun Yao Chen
  • 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///US Crude Oil Rotary Rig Count    e
    Energy & Utilities

    US oil production expected to hit record in 2013, negative for tankers

    US oil rig count is a leading indicator of US oil production and oil imports. Since 2008, a boom in US oil industry has negatively impacted demand for tankers (see Tankers will likely underperform dry bulk ships in 2013)— vessels that transport oil across ocean. Higher US oil production, due to application of technologies called […]

    By Xun Yao Chen
  • uploads///BDTI Week
    Miscellaneous

    Crude Tanker Index and Stocks Fell in Week 14

    In week 14, the BDTI (Baltic Dirty Tanker Index) fell from 790 to 775. The BDTI tracks shipping rates for crude oil tankers on representative routes.

    By Sue Goodridge
  • uploads///dccdfcbcdfcbd
    Miscellaneous

    On Deck with Crude Tankers: Positives and Negatives

    Crude tanker stocks have given mixed returns in 2017. Gener8 Maritime has been the best performer YTD, while Nordic American has been the worst.

    By Sue Goodridge
  • uploads///Crude Oil Price    e
    Energy & Utilities

    Egypt tension pushes oil past $109, shipping rates rise, but downside for tankers

    Tanker stocks tied to oil prices Tanker stocks often move in tandem with oil prices in a demand-driven market. But because tanker companies also use oil to run their ships, a price increase in oil due to supply shocks (such as political disruptions in the Middle East) also affects tanker firms differently. To get a […]

    By Xun Yao Chen
  • 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///Revenue
    Earnings Report

    Frontline Management’s Outlook for Tanker Rates

    Even though industry tanker rates were strong compared to 1Q15, the company recorded negative growth of -7% in 2Q15 compared to 1Q15.

    By Sue Goodridge
  • Energy & Utilities

    Why Frontline is on the verge of bankruptcy

    Industry analysts suggest that investors should avoid Frontline because of the bankruptcy risk. Currently, the company is facing bankruptcy. This is led by the $190 million bond that’s due in April 2015.

    By Katie Dale
  • 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
  • Energy & Utilities

    Why high shipping capacity growth will continue to pressure tanker earnings

    Update to Shipping capacity growth drops but outpaces demand, negative for tanker stocks The importance of capacity In a highly commoditized industry, like the shipping industry, capacity is an important metric that directly impacts companies’ top line, or revenue performance. When capacity grows faster than demand, competition will rise among individual shipping firms as they try […]

    By Xun Yao Chen
  • 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///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///Orderbook crude
    Energy & Utilities

    Must-know: Why the crude tanker orderbook is expanding

    In order to assess the industry’s fundamental outlook, managers use the oil tanker orderbook. It’s an important yardstick. It includes the number of ships that have been ordered and the number of ships under construction. A rising orderbook usually suggests that oil tankers have a better expectation for future supply and demand dynamics.

    By Katie Dale
  • uploads///US Crude Oil Rotary Rig Count    e
    Energy & Utilities

    Why the flat oil rig count won’t hinder product tanker demand

    US rotatory rig count: The forefront of future oil production The US Crude Oil Rotary Rig Count is a valuable indicator that shows how much drilling activity is occurring in the United States, tracking the number of rotating drills that are drilling into the Earth’s crust in search of oil or developing oil wells. The […]

    By Xun Yao Chen
  • 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///China Interbank Repo  Months    e
    Energy & Utilities

    Must-read: Financial woe abroad drags tankers down, outlook negative

    Continued from Why oil price is a key driver of tanker stocks The impact of China’s financial industry The financial industry is an essential part of any economy. Without a stable financial system—one that supplies liquidity to businesses and individuals and bridges the gap between savers and borrowers—an economy can’t function as efficiently and productively […]

    By Xun Yao Chen
  • 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///Crude Tanker Orders Ratio    e
    Energy & Utilities

    Weekly tanker digest: Have fundamentals changed? (Part 2)

    Continued from Part 1 The significance of ship orders One measure that reflects managers’ assessment of future supply and demand differences is the number of ships on order. When managers expect future demand to increase more than supply, if they also expect to generate profits with the investment, they will often place new ship orders. But […]

    By Xun Yao Chen
  • Energy & Utilities

    Why Canadian crude exports to the US are on a high

    According to the U.S. Energy Information Administration (or EIA), for the week ending September 12, 2014, U.S. crude oil imports from Canada hit a record high of 2.99 million barrels per day (or bpd). This was a 20% increase from the same period last year. Meanwhile, the four-week average on September 12 was 2.93 million bpd.

    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
  • Energy & Utilities

    Why the Baltic Dirty Tanker Index going south

    Analysts and money managers follow the Baltic Dirty Tanker Index (or BDTI). They follow the Index to assess the crude oil shipping industry’s revenue and earnings potential. The Baltic Dirty Tanker Index decreased to 699 on August 29, 2014. It was 826 at the beginning of the month.

    By Katie Dale
  • 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///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///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///Baltic Dirty and Clean Tanker Indexes Change    e
    Energy & Utilities

    Crude tanker index 25% lower, product tanker index steady

    On August 30, the Baltic Dirty Tanker Index and Baltic Clean Tanker Index stood at 622 and 604, respectively.

    By Xun Yao Chen
  • 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///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///LLS and Brent Crude Price
    Energy & Utilities

    Must-know: Why the U.S. could hit a light crude oil refining wall

    While U.S. oil imports have been falling over the last few years, tanker companies could benefit from a brighter outlook on U.S. oil imports in 2014.

    By Xun Yao Chen
  • 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///CPLP Earnings Per Share    e
    Energy & Utilities

    Why Capital Product Partners didn’t rally after beating estimates 400%

    Beating estimates Let’s begin with earnings since that’s often what analysts and investors look at. For the third quarter of 2013, which was released on October 31 in the morning, CPLP reported basic EPS of $0.35 per share, which was five times more than the estimate of $0.07 per share. Basic EPS of $0.35 a […]

    By Xun Yao Chen
  • 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///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///Stock price and EBITDA
    Earnings Report

    Investors Disappointed with NAT’s Results despite Strong Revenues

    In this series, we’ll look at Nordic American Tankers’ (NAT) 4Q15 results, and we’ll analyze the factors that could affect the company’s revenue and costs in 1Q16. We’ll also analyze NAT’s fleet and its recent investments.

    By Sue Goodridge
  • uploads///Article
    Industrials

    A review of Frontline and its fleet

    Frontline Ltd. (FRO) is engaged mainly in the ownership or operation of oil tankers used to transport crude oil. It’s owned by Norwegian shipping magnate John Fredriksen.

    By Katie Dale
  • uploads///Article
    Industrials

    Frontline comments on global shipping industry

    Frontline recorded better vessel earnings compared to the second quarter. Improved fleet utilization was due to increased travel distance driven by crude moving from the Atlantic Basin to China.

    By Katie Dale
  • Industrials

    New buyback program approved by Scorpio Tankers

    On July 28, 2014, the board of directors of Scorpio Tankers (STNG) approved a new stock buyback program with authorization to purchase up to $150 million of its common stock.

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

    Baltic Dirty Tanker Index gains on rising Chinese imports

    The Baltic Dirty Tanker Index interests analysts and money managers. They use it to assess the revenue and earnings potential of the crude oil shipping industry.

    By Katie Dale
  • Energy & Utilities

    5-year-old and 10-year-old VLCC prices stay at consistent levels

    Since secondhand vessels can be delivered within a few months, they tend to reflect industry participants’ expectations for medium-term fundamentals and rates, unlike newbuilds, for which two years of delivery time is mandatory.

    By Katie Dale
  • Energy & Utilities

    Overview: Nordic American Tankers

    In the fall of 2004, NAT owned three vessels and at the end of 2013 it owned 20 vessels—Suezmax tankers—with tankers averaging ~156,000 deadweight tonnage (or dwt) each.

    By Katie Dale
  • uploads///Baltic Dirty Tanker Index    e
    Energy & Utilities

    Indicators for the boom and bust cycle of crude tankers

    Like any other commoditized industry, the shipping industry is also very cyclical due to lengthy construction lead time.

    By Xun Yao Chen
  • 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///Article
    Energy & Utilities

    Current vessel prices rising

    Depending on its size, a tanker takes two to three-plus years to build, with each tanker costing upward of ~$60 million.

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

    US top oil producer; crude imports decline

    The US has produced more oil than Saudi Arabia since the fourth quarter of 2012, and the country’s oil production surpassed Russia’s output in 2011.

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

    5- and 10-year VLCC and Suezmax weekly prices on the run-up

    Weekly vessel values have been on the rise, with positive week-over-week and significant year-over-year growth.

    By Katie Dale
  • uploads///NAT Leverage Ratio
    Energy & Utilities

    Why did Nordic decide to raise capital instead of debt?

    According to Nordic American Tanker Ltd. (NAT), the company will use the net proceeds from the follow-on offering to primarily finance the acquisition of two to four vessels.

    By Xun Yao Chen
  • Energy & Utilities

    Nordic American Tanker might buy 3 newer or 4 older vessels

    According to Nordic American Tanker Ltd.’s (NAT) prospectus, the company will acquire two to four vessels from net proceeds on 10,000,000 share issuance, which is now raised to 12,000,000 shares.

    By Xun Yao Chen
  • 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///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///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///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///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///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///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///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///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///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
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