rss icon Subscribe
desktop mobile

Nordic American Tankers: Near term challenges remain - CS

File Image (CREDIT: AdobeStock / (c) Carabay)

Posted by Joseph Keefe

Oil tanker company's shares down 1.8 pct at $2.15 premarket.
Credit Suisse halves PT to $2, says near-term challenges remain. "On the heels of the second-worst year for tankers in 20 years, this seems to be the growing consensus," said Credit Suisse. While strong oil demand should help move market balance, CS says another year of above-average fleet growth, OPEC holding back export volumes will keep market depressed in 2018
1 of 9 brokerages rate the stock "buy", 5 "hold" and 3 "sell" or lower; Median PT $2.50. The stock plunged 70 pct in 2017, and has declined 11 pct this year
Reporting by Amy Caren Daniel

Feb 13, 2018

 

Contracts

Concordia Maritime Charters Three Suezmax with Stena Bulk

Photo: Concordia Maritime

As a further step in fleet positioning ahead of the gradually stronger market that is expected

Odfjell Wins Drilling Contract from Equinor

Simen Lieungh, CEO Odfjell Drilling, and Geir Tungesvik, senior vice president for Drilling & Well, with a model of the Deepsea Atlantic drilling rig. Photo: Kjetil Eide, Equinor

Equinor has awarded Odfjell a contract for drilling two times three production wells for the Fram

AET Secures DP2 Shuttle Tankers with Petrobras

Photo:  AET Tankers Pte Ltd

Petroleum tanker owner and operator AET announced the extension of partnership in the DP2 shuttle

Energy

AET Secures DP2 Shuttle Tankers with Petrobras

Petroleum tanker owner and operator AET announced the extension of partnership in the DP2 shuttle tanker sector with Petróleo Brasileiro S.A.(Petrobras)

Maersk Line Introduces Bunker Surcharge

File Image: CREDIT Maersk

The world's largest container shipping company Maersk Line is increasing prices because of a surge

Total, Novatek Pact for Arctic LNG 2 Project

Image: Total

In the presence of the President of the Russian Federation, Vladimir Putin, and the President of

Maritime Apps