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There's seems to be no stopping a surge in oil tanker rates which has given owners of the vessels such as Frontline ( FRO +2.6% ) and Euronav ( EURN +1% ) one of their biggest boosts in years. More news on: Frontline Ltd., Euronav NV, Nordic American Tankers Limited, Energy stocks n...
Rates to charter oil tankers from the Arab Gulf, U.K. and the U.S. Gulf Coast to Asia surged to fresh highs today, Reuters reports, as global oil traders continue to cope with a tanker shortage in the aftermath of U.S. sanctions on China's Cosco. More news on: Occidental Petroleum Corpor...
The cost of shipping crude oil continues to climb and has now hit an 11-year high amid a capacity squeeze following the U.S. blacklisting of Cosco, one of the world's largest tanker owners and a major carrier for China's oil needs. More news on: Frontline Ltd., Nordic American Tankers Li...
Happening Now: Shipping Rates Are Surging - Stocks Are Responding But Still Lagging The Market. There Is Deep Value In Shipping! Overview The story since the Great Recession has been one of oversupply and historically bad rates for virtually all shipping segments at one time or another...
Freight rates for U.S. crude tankers bound for Asia jumped to the highest in more than three years this week as U.S. sanctions on a China's COSCO cut vessel availability. More news on: Frontline Ltd., Teekay Corporation, Teekay Tankers Ltd., Energy stocks news, Read more ...
Key oil freight rates from the Middle East to Asia soared as much as 28% today, Reuters reports, as the global shipping market is rattled by U.S. sanctions on China's COSCO for alleged involvement in ferrying crude out of Iran. More news on: Frontline Ltd., Teekay Corporation, Teekay Tan...
Note: This article was originally published August 20th on Value Investor's Edge , a Seeking Alpha subscription service. Overview Spring and Summer of 2018 marked the low point in the latest crude and product tanker down cycle. 2019 has shown solid year over year improvements ac...
SFL Corporation Ltd., (NYSE: SFL) (“SFL” or the “Company”) announces that it has taken delivery of the VLCC “Hunter Atla” today. The vessel is the first of three vessels in a transaction announced in September which added more than $100 million to S...
Refinery outages in Saudi Arabia following the attacks on its oil facilities could deal a blow to the shipping industry's preparations for January's major switch to cleaner marine fuel standards, Reuters reports. More news on: Teekay Tankers Ltd., Teekay Corporation, Teekay LNG Partners ...
SFL Corporation Ltd. (the “ Company ”) today announced that its 2019 Annual General Meeting resolved to change the name of the Company from “Ship Finance International Limited” to “SFL Corporation Ltd.”. The Company’s common shares will con...
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2024-05-23 09:00:21 ET Ship Finance International Ltd. (SFL) declaring a stock dividend of $0.27 per share on Ex-Date : May 24, 2024. Shareholders on record as of May 28, 2024 are eligible for the dividend. The payment date is scheduled for June 26, 2024, and the declaration was off...
2024-05-04 06:36:00 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...