ASC News and Press, Ardmore Shipping Corporation From 04/08/20

Supertanker freight rates have fallen after last week's highs as industry participants await the outcome of this week's OPEC+ meeting before making further bookings, Reuters reports. More news on: Frontline Ltd., Euronav NV, International Seaways, Inc., Energy stocks news, Read more...

HAMILTON, Bermuda , April 3, 2020 /PRNewswire/ -- Ardmore Shipping Corporation (NYSE: ASC) ("Ardmore" or the "Company") announced today that it has filed its Annual Report on Form 20-F for the year ended December 31, 2019 (the "Form 20-F") with the U.S. Securities and Exchange...

Shipping Markets: Unique Opportunities vs. Volatility With COVID-19 shutting down the majority of the global economy, investing in shipping is not a natural instinct. However, as I've learned from over a decade of covering this sector, knee-jerk viewpoints are rarely correct. Moreso than ...

Oil tanker rates keep climbing, with benchmark Middle East-to-China rates rising another 2.8% overnight to WS 212.71, equating to daily earnings of $241K, according to Baltic Exchange data. More news on: Frontline Ltd., Euronav NV, International Seaways, Inc., Energy stocks news, Read ...

Supertanker freight rates are on the rise again as producers, refiners and traders scramble to secure ships for transport or storage amid an increasing global glut of oil. More news on: Euronav NV, Frontline Ltd., Nordic American Tankers Limited, Energy stocks news, Read more ...

Oil traders have chartered at least five supertankers in the past day with options to store oil at sea, as global stocks rise after the U.S. decided not to purchase oil for its emergency reserve, Reuters reports. More news on: Frontline Ltd., International Seaways, Inc., Nordic American ...

The oversupplied market may drive as much as 100M barrels of oil into floating storage "and probably more," International Seaways ( INSW +6.3% ) CEO Lois Zabrocky tells Bloomberg. More news on: International Seaways, Inc., Frontline Ltd., Nordic American Tankers Limited, Energy stoc...

Shippers say crude oil freight rates are easing off record highs as charterers balk at the nosebleed charges and await Saudi volume plans for April, Reuters reports. More news on: Frontline Ltd., Nordic American Tankers Limited, Navios Maritime Acquisition Corporation, Energy stocks news...

Note: This report was originally published on March 4th on Value Investor's Edge , a Seeking Alpha subscription service. Overview After about 20 years of participation I have gone from the reactionary trader, who would have been trying to make sense of daily soundbites and form a co...

Benchmark Middle East-China tanker rates surge another 15% to WS 178.75, equating to earnings of $194,297/day, to reach a fresh YTD high, Bloomberg reports. More news on: Frontline Ltd., Nordic American Tankers Limited, Navios Maritime Acquisition Corporation, Energy stocks news, Read ...