U.S. Markets close in 5 hrs 38 mins

Crude Tanker Stocks: Analysts’ 1Q18 Estimates

Sue Goodridge
Crude Tanker Stocks: Analysts’ 1Q18 Estimates

Crude tanker rates went through a tough period in 2017. In 3Q17, crude tanker rates hit extremely low levels and were below the break-even point. The rate decline continued into 1Q18. Tanker rates have remained weak since the beginning of 2018. VLCC (very large crude carriers) and Suezmax rates dropped below $10,000 per day in 1Q18.