ShippingWatch

Tanker CEOs: Investors not rewarding us deservedly

The tanker carriers are piling up money and the sector's future looks bright, note the chief executives from carriers Euronav, Frontline and Tsakos, describing the recent slide in share prices as unjustified.

Photo: Richard Drew, AP

According to the CEOs of three of the biggest tanker carriers in the market - Euronav, Frontline and Tsakos - the drastic slide in tanker share prices is completely unwarranted, as money is flooding into the carriers and the market prospects look much better than what investors seem to indicate.

This was the main takeaway from a phone conference held on January 26th and which is now available on Capital Link. Here the three chief executives present their views on the state and perspectives in the tanker sector, while Wells Fargo senior analyst Michael Webber serves as moderator.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

SDK Freja anticipates steep earnings drop following record year

Logistics company SDK Freja, which delivered record financials with great advancement on top and bottom lines, takes a more gloomy view of the current fiscal year due to several ”external factors.” However, the growth target remains the same, CEO tells ShippingWatch.

LNG carriers concerned about increasing ship prices

The price on new LNG vessels has soared vigorously, and for Flex LNG this has meant a withdrawal from the market for new ships. Such was the statement by Flex LNG’s chief exec at Marine Money in New York, where he also announced new long-term charter agreements.

Maersk ships delayed up to three weeks on US east coast

Bottlenecks at major container ports on the US east coast have entailed that Maersk vessels are affected by delays of up to three weeks. It’s a combination of congestion, many ships, and a lack of container space, Maersk says.

Further reading

Related articles

Latest news

See all jobs