Tanker and LPG carriers underachieved on Oslo Stock Exchange in 2021

Listed LPG and tanker carriers performed poorly on the Oslo Stock Exchange in 2021, DNB Markets and Cleaves Securities sum up to ShippingWatch. 2022 has begun in similar fashion for the segments, though analysts believe in brighter days ahead.

Peter E. Christensen of Cleaves Securities and Jørgen Lian of DNB Markets talk to ShippingWatch on the performance of the industry's stocks in 2021. | Photo: DNB Markets og Cleaves Securities

Tanker is among the shipping sectors that underperformed the most in the past year, according to a 2021 review by DNB Markets on shipping companies listed on the Oslo Stock Exchange.

Across all segments – crude tanker, product tanker, chemical tanker – the sector performed disappointingly in 2021, says DNB Markets Senior Equity Analyst Jørgen Lian.

Read the whole article

Get 14 days free access.

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

Maersk Product Tankers expects 2022 to be "not an amazing year"

There’s no doubt that 2021 was a miserable year for the global tanker industry. But 2022 could end up strong, many parties say. Maersk Product Tankers is more doubtful. ”2022 won’t be an amazing year,” CEO Christian M. Ingerslev tells ShippingWatch.

Researcher criticizes TotalEnergies' fuel report

TotalEnergies ignores shipping’s climate adaptions in the company’s prognosis for shipping’s future fuel consumption, researcher says in criticism. Among other things, TotalEnergies supports LNG.

OOCL doubles revenue despite significant drop in volumes

Container line OOCL, owned by China’s Cosco, doubled its revenue in 2021, with the top line for Q4 alone surging by 101.4 percent, the carrier says. This major increase happens despite a dive in container liftings during the quarter.

Further reading

Related articles

Latest news

See all jobs