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Free Technical Insights on Scorpio Tankers and Three Other Shipping Stocks

Stock Research Monitor: SB, SFL, and TNK

LONDON, UK / ACCESSWIRE / June 20, 2018 / If you want a free Stock Review on STNG sign up now at www.wallstequities.com/registration. The outlook for the global Shipping sector for the next 12 months remains stable on the back of expected supply-demand improvements in the dry bulk and container shipping segments and overall sector earnings growth of 4%-5%, says Moody's Investors Service in a report published on June 18th, 2018. The report further noted that the outlook for the tanker segment, however, is negative, as supply remains high and charter rates low. Pre-market, WallStEquities.com evaluates four stocks to see how they have fared over the past trading sessions: Safe Bulkers Inc. (NYSE: SB), Scorpio Tankers Inc. (NYSE: STNG), Ship Finance International Ltd (NYSE: SFL), and Teekay Tankers Ltd (NYSE: TNK). All you have to do is sign up today for this free limited time offer by clicking the link below.

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Safe Bulkers

Monaco-based Safe Bulkers Inc.'s stock finished Tuesday's session 0.53% higher at $3.81 with a total trading volume of 362,109 shares. The Company's shares have advanced 23.30% in the past month, 11.08% over the previous three months, and 70.09% over the past year. The stock is trading above its 50-day and 200-day moving averages by 15.89% and 14.60%, respectively. Furthermore, shares of Safe Bulkers, which provides marine drybulk transportation services worldwide, have a Relative Strength Index (RSI) of 67.90.

On May 29th, 2018, Safe Bulkers announced its unaudited results for the three-month period ended March 31st, 2018. Net revenues for Q1 2018 were $43.5 million, net income was $6.0 million, and EBITDA was $23.5 million. Daily vessel operating expenses were $4,132 for the quarter, and daily general and administrative expenses were $1,184. Get the full research report on SB for free by clicking below at:

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Scorpio Tankers

Shares in Monaco-based Scorpio Tankers Inc. ended at $2.96, jumping 5.34% from the last trading session. The stock recorded a trading volume of 5.08 million shares, which was above its three months average volume of 3.85 million shares. The Company's shares have gained 3.86% in the last month and 41.63% in the previous three months. The stock is trading 9.47% above its 50-day moving average and 1.01% above its 200-day moving average. Moreover, shares of Scorpio Tankers, which together with its subsidiaries, engages in the seaborne transportation of refined petroleum products worldwide, have an RSI of 56.79.

On June 05th, 2018, Scorpio Tankers (STNG) announced that it has agreed to sell and leaseback six MR product tankers (STI Battery, STI Milwaukee, STI Tribeca, STI Bronx, STI Manhattan, and STI Seneca) to CMB Financial Leasing Co., Ltd. Upon completion, STNG's liquidity is expected to increase by $52 million in aggregate after the repayment of outstanding debt. STNG's complimentary research coverage is a few simple steps away at:

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Ship Finance International

Hamilton, Bermuda-based Ship Finance International Ltd's stock ended yesterday's session flat at $14.95 with a total trading volume of 609,906 shares. The Company's shares have advanced 3.82% in the past month, 6.03% over the previous three months, and 17.25% over the past year. The stock is trading 2.47% and 1.28% above its 50-day and 200-day moving averages, respectively. Additionally, shares of the Company, which owns and operates vessels and offshore related assets primarily in Bermuda, Cyprus, Malta, Liberia, Norway, the UK, and the Marshall Islands, have an RSI of 53.79.

On May 31st, 2018, Ship Finance International announced that it has agreed to acquire four large container vessels in combination with long-term time-charters to a leading container line. The vessels are modern, eco-design built in 2014 with approximately 14,000 TEU carrying capacity. The Company expects to take delivery of the vessels in the near term, and the purchase price is confidential.

On June 01st, 2018, research firm Seaport Global Securities upgraded the Company's stock rating from 'Neutral' to 'Buy', with a target price of $18 per share. Are you already registered with Wall St. Equities? Do so now for free, and get the report on SFL at:

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Teekay Tankers

On Tuesday, shares in Hamilton, Bermuda-based Teekay Tankers Ltd recorded a trading volume of 2.22 million shares, which was above their three months average volume of 1.11 million shares. The stock finished 5.41% higher at $1.17. The Company's shares have advanced 11.43% in the last month. The stock is trading above its 50-day moving average by 4.40%. Furthermore, shares of Teekay Tankers, which provides marine transportation services to oil industries in Bermuda and internationally, have an RSI of 57.09.

On June 18th, 2018, Teekay Tankers announced that at its adjourned 2018 Annual General Meeting held on June 15th, 2018, shareholders approved the proposal to amend the Company's articles of incorporation to increase the number of authorized shares of its Class A common stock from 285,000,000 to 485,000,000, with a corresponding increase in the number of authorized shares of capital stock from 485,000,000 to 685,000,000. Aspiring Member, please take a moment to register below for your free research report on TNK at:

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