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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 ...
Oil traders and Asian refiners chartered another 25 Very Large Crude Carriers in the past 48 hours with rates hitting $300K/day, Lloyd's List reports. More news on: Frontline Ltd., Nordic American Tankers Limited, Navios Maritime Acquisition Corporation, Energy stocks news, Read mo...
Benchmark Middle East-to-China tankers surged 12% to WS 54.58, the highest since Jan. 30 and equating to dayrates of $38,694, up 28% from Friday, Bloomberg reports, citing Baltic Exchange data. More news on: Frontline Ltd., Nordic American Tankers Limited, Navios Maritime Acquisition Corpo...
HAMILTON, Bermuda , March 9, 2020 /PRNewswire/ -- Ardmore Shipping Corporation (NYSE: ASC) ("Ardmore" or the "Company") today announced a new capital allocation policy which sets out the Company's priorities among fleet maintenance, financial strength, accretive growth and returning ...
The rally in shipping stocks is extending into a second day with tanker and dry bulk rates reported to be improved. More news on: GasLog Ltd., Scorpio Bulkers Inc., Ardmore Shipping Corporation, Consumer stocks news, Stocks on the move, Read more ...
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Ardmore Shipping Announces Second Quarter 2024 Conference Call and Webcast PR Newswire HAMILTON, Bermuda , July 17, 2024 /PRNewswire/ -- Ardmore Shipping Corporation (NYSE: ASC) ("Ardmore" or the "Company") today announced that the Company plans to announce its s...
Ardmore Shipping Announces Leadership Transition PR Newswire Gernot Ruppelt to succeed Anthony Gurnee as CEO; Bart Kelleher to be appointed President HAMILTON, Bermuda , July 8, 2024 /PRNewswire/ -- Ardmore Shipping Corporation (NYSE: ASC) ("A...
2024-06-19 21:08:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...