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

Port Spat Delays Russian Black Sea Product Exports

Shipments of oil products from a Russian Black Sea outlet have been disrupted since early February due to a row over the port's control, four industry sources told Reuters on

Global Ship Lease Extends Charter with OOCL

OOCL Qingdao. Photo: OOCL

Global Ship Lease, a containership charter owner, today announced that it has agreed to an

Wärtsilä Inks 25 Maintenance Deal with Maersk Drilling

(Photo: Wärtsilä)

Wärtsilä said it has entered a cooperation with drilling contractor Maersk Drilling to create a

Energy

Port Spat Delays Russian Black Sea Product Exports

Shipments of oil products from a Russian Black Sea outlet have been disrupted since early February due to a row over the port's control, four industry sources told Reuters on

ACP, Cheniere Focus on LNG's Potential

A boxship transits thePanama Canal (CREDIT CH2M)

Representatives from the Panama Canal, led by Administrator Jorge L. Quijano, hosted executives

Live Oil Discovered Onshore Jamaica

(Photo: David Gold / CGG)

CGG GeoConsulting and Petroleum Corporation of Jamaica Announce First Reported Discovery of Live

Maritime Apps