Europeans and Americans are getting back to work. There are more cars on the roads. Saudi Arabia and other oil producers are hitting the brakes on output. The price of crude oil has doubled. All of which might give the impression that the much-ballyhooed floating-storage tanker trade is dead in the water.
Absolutely not true, according to executives of Euronav (NYSE: EURN) and International Seaways (NYSE: INSW), the latest in a parade of tanker owners reporting blockbuster earnings this week.
Eur...https://www.freightwaves.com/news/floating-storage-is-far-from-dead-in-the-water