/biz/ - Business & Finance

Old thread: >>18616378

Tanker rates have been at highs for over a month now, some analyst speculate it could hold up for another couple of months as oil contango continues.
Many tanker stocks are still trading at or below january highs.

Comparison of some tanker stocks:
DHT: Fleet 27 VLCC tankers, Average age: 9 years, Mcap: 1.17B, Mcap/VLCC: 43.34 Million
FRO: Fleet 41.7 VLCC equivalent tankers, Average age: 7.1 years, Mcap: 2.093B, Mcap/VLCC: 50.2 Million
EURN: Fleet 53.4 VLCC equivalent tankers, Average age: 8.1 years, Mcap: 2.444B, Mcap/VLCC: 45.76 Million
NAT: Fleet 11.7 VLCC equivalent tankers, Average age: 12.6 years, Mcap: 0.804B, Mcap/VLCC: 68.7 Million
TK: Fleet 16.3 VLCC equivalent tankers (and a massive amount of LNG tankers), Average age: 12.3 years, Mcap: 0.41B, Mcap/VLCC: 25.15 Million
ADSC_ME: Fleet 3 VLCC tankers, Average age: 18 years, Mcap: 65 Million, Mcap/VLCC: 21.67 Million

Extra notes, DHT and ADSC_ME only have VLCC tankers, FRO, EURN have a mix (EURN edges toward more VLCC, FRO towards more Suezmax), TK ant NAT have a Suezmax or smaller only fleet.
Normally smaller vessels hold a premium per barrel of oil transported but these days this premium seems to be very small. (A VLCC holds 2 times the amount as a Suezmax vessel)

I think the most important aspect missing from the list is debt. If anyone feels interested...