Many people thought that the tankers business would suffer, but it's the opposite that happened, because tankers not only deliver oil relatively to a global oil demand (that suffered for sure), but they also STORE. And this is not free.
Companies like Frontline were payed to store the global surplus:
seatrade-maritime.com/tankers/awful-energy-day…unless-you-are-tanker-owner
cnbc.com/2020/04/24/we-are-making-a-lot-of-money-at-this-time-nordic-american-tankers-ceo-says.html
On the other side, we have some encouraging data regarding the demand for tankers:
seatrade-maritime.com/tankers/tanker-market-surge-time-its-real-frontline-ceo
All of this explains the big surge in volatility and volume these last months, and ups and down that were about 40%!
Companies like Frontline were payed to store the global surplus:
seatrade-maritime.com/tankers/awful-energy-day…unless-you-are-tanker-owner
cnbc.com/2020/04/24/we-are-making-a-lot-of-money-at-this-time-nordic-american-tankers-ceo-says.html
On the other side, we have some encouraging data regarding the demand for tankers:
seatrade-maritime.com/tankers/tanker-market-surge-time-its-real-frontline-ceo
All of this explains the big surge in volatility and volume these last months, and ups and down that were about 40%!
Nota
No financial advice given hereNota
(talking about "surplus" in the context of COVID-19 oil demand crisis)*(19/05/2020)
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.