International Seaways

The world is running short of diesel. Product tankers could win big

product tankers shipping diesel

Retail gasoline prices in the U.S. are up 45% year on year. Diesel used by American truckers is up 75% and just hit an all-time high. But this is not just an American problem. Pain at the pump is global. And the specialized tanker vessels that transport diesel, gasoline, jet fuel and other petroleum products from one country to another are in prime position to profit.

Fuel flows globally to where it earns the highest return. Case in point: As U.S. diesel prices have skyrocketed, American exports...

https://www.freightwaves.com/news/the-world-is-running-short-of-diesel-product-tankers-could-win-big

How low can tankers go? Analysts slash rate forecasts (again)

tanker shipping stocks

The outlook for tanker rates was already dicey. After the worst year in three decades in 2021 and a terrible start to 2022, analysts have just cut their rate forecasts and pushed back their recovery timelines, yet again.

As one tanker owner told brokerage Fearnleys, “The light at the end of the tunnel has been visible for quite some time, but right now it feels more like that’s a truck coming toward you.”

Jefferies

Jefferies analyst Randy Giveans cut his tanker rate estimates on Wednesday, the...

https://www.freightwaves.com/news/how-low-can-tankers-go-analysts-slash-rate-forecasts-again

As liner stocks keep rising, other shipping shares are stalling

shipping stocks

Mid-2020 to mid-2021 was a great stretch for ocean shipping stocks: Container and dry bulk shares rose by double and triple digits and even shares of embattled tanker owners posted gains.

That changed last fall. Shares of most container-ship leasing companies, crude tanker owners, product tanker owners and dry bulk owners are down since September.

But shares of container liner companies are proving to be the exception. They’ve recouped most of their autumn pullbacks and are gaining more ground...

https://www.freightwaves.com/news/liner-stock-prices-keep-rising-as-other-shipping-shares-stall

How much do shipping CEOs make? (Here’s their pay info)

shipping

Shipping magnates don’t pervade the billionaire ranks like they did in the days of Aristotle Onassis. They’ve been left behind by tech bosses, financiers and oligarchs. Yet ocean shipping is still big business and the CEOs overseeing the fleets are high earners.

So, how much do shipping CEOs actually make?

While many shipping companies aren’t required to list individual executive compensation, a number of them are, whether in annual reports or in proxy submissions prior to annual general...

https://www.freightwaves.com/news/how-much-do-shipping-ceos-make-heres-their-pay-info

Why this tanker shipping depression is different from past slumps

tanker

Shipping busts can be even more exciting than shipping booms. When spot rates crash, debt comes due, vessels are arrested, bankruptcies pile up and vultures swoop in.

But not all shipping collapses are so action-packed. Sometimes things never devolve into total crisis mode. Sometimes the market gets stuck in limbo — like tankers are now.

Tanker rates have wallowed at or near historic lows throughout 2021, weighed by oil inventory destocking, COVID-struck demand and a stubborn aversion to...

https://www.freightwaves.com/news/why-this-tanker-shipping-depression-is-different-from-past-slumps

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