Latest news with #Suezmax
Yahoo
02-08-2025
- Business
- Yahoo
Scorpio Tankers (STNG): A Top Tanker Pick Among Shipping Stocks?
Scorpio Tankers Inc. (NYSE:STNG) is included among the 10 Best Shipping Stocks with Dividends. A top-down view of a crane loading or unloading oil barrels from a Suezmax crude oil tanker. Scorpio Tankers Inc. (NYSE:STNG) is a shipping company specializing in the transportation of oil and petroleum products. With a strategic operating model and a seasoned leadership team, the company is focused on delivering long-term performance, meeting complex global regulations, and maintaining high environmental standards. More than 85% of Scorpio Tankers Inc. (NYSE:STNG)'s fleet is outfitted with exhaust gas cleaning systems (scrubbers), allowing the company to use lower-cost fuels while remaining compliant with environmental regulations, ultimately enhancing returns for shareholders. In July 2025, Scorpio Tankers Inc. (NYSE:STNG) agreed to bareboat charter its MR tanker, STI Bosphorus, at $13,150 per day (about $21,000 TCE) to a third-party joint venture. The vessel will be reflagged under the US and enrolled in the Tanker Security Program, with the charter running until 2037, subject to annual NDAA renewals. The deal is set to begin in August 2025. In addition to its growth strategies, Scorpio Tankers Inc. (NYSE:STNG) also remains committed to its shareholder obligations. Over the course of its dividend history, the company has raised its payouts several times and currently offers a quarterly dividend of $0.40 per share. With a dividend yield of 3.50%, as of July 30, STNG is among the best dividend stocks from the shipping sector. While we acknowledge the potential of STNG as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and Disclosure: None. Sign in to access your portfolio
Yahoo
02-08-2025
- Business
- Yahoo
Nordic American Tankers Limited (NAT): A Reliable Income Play in Shipping Stocks
Nordic American Tankers Limited (NYSE:NAT) is included among the 10 Best Shipping Stocks with Dividends. A top-down view of a crane loading or unloading oil barrels from a Suezmax crude oil tanker. Nordic American Tankers Limited (NYSE:NAT), an international tanker company based in Bermuda, specializes in operating Suezmax crude oil tankers, primarily in the spot market where ships are chartered for individual voyages. In the first five months of 2025, Nordic American Tankers Limited (NYSE:NAT) added two vessels built in 2016 to its fleet at a total cost of $132 million, while divesting two older vessels from 2003–2004 for a combined $45 million. As of March 31, 2025, NAT reported a cash balance of $103 million. The average time charter equivalent (TCE) for its fleet during the first quarter of 2025 stood at $24,714 per ship per day, with operating expenses amounting to $9,000 per vessel. Including proceeds from the sale of the 'Nordic Apollo,' the company posted a net profit of $4.2 million for the quarter. In addition, Nordic American Tankers Limited (NYSE:NAT) continued to focus on environmental performance by optimizing voyage planning and vessel speed to help reduce emissions. In June, the company declared a 16.2% hike in its quarterly dividend to $0.07 per share. This was the company's 111th consecutive quarterly dividend, which makes it one of the best dividend stocks from the shipping industry. As of July 30, the stock has a dividend yield of 10.39%. While we acknowledge the potential of NAT as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and Disclosure: None. 擷取數據時發生錯誤 登入存取你的投資組合 擷取數據時發生錯誤 擷取數據時發生錯誤 擷取數據時發生錯誤 擷取數據時發生錯誤
Yahoo
02-08-2025
- Business
- Yahoo
Teekay Tankers (TNK): A Pure-Play Tanker Name Among Shipping Stocks
Teekay Tankers Ltd. (NYSE:TNK) is included among the 10 Best Shipping Stocks with Dividends. A large oil refinery against a backdrop of ocean containers and industrial cranes. Teekay Tankers Ltd. (NYSE:TNK) operates a fleet of 37 double-hulled oil and product tankers, including 21 Suezmax and 16 Aframax/LR2 vessels, along with three additional chartered-in tankers. The company typically employs its fleet through a combination of spot market trading and short- to medium-term fixed-rate time-charter contracts. In the second quarter of 2025, Teekay Tankers Ltd. (NYSE:TNK) reported strong financial performance, with GAAP net income reaching $62.6 million and adjusted net income totaling $48.7 million. Since its May 2025 earnings release, the company has actively advanced its fleet renewal strategy. This includes acquiring a modern Suezmax tanker and agreeing to purchase the remaining 50% stake in the Hong Kong Spirit VLCC. At the same time, the company has capitalized on favorable market conditions by selling five older vessels for a combined total of approximately $158.5 million, which is expected to generate estimated book gains of around $46 million. Teekay Tankers Ltd. (NYSE:TNK) also holds a consistent dividend policy. The company currently pays a quarterly dividend of $0.25 per share and has a dividend yield of 2.22%, as recorded on July 30. While we acknowledge the potential of TNK as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and Disclosure: None. Sign in to access your portfolio
Yahoo
02-08-2025
- Business
- Yahoo
Nordic American Tankers Limited (NAT): A Reliable Income Play in Shipping Stocks
Nordic American Tankers Limited (NYSE:NAT) is included among the 10 Best Shipping Stocks with Dividends. A top-down view of a crane loading or unloading oil barrels from a Suezmax crude oil tanker. Nordic American Tankers Limited (NYSE:NAT), an international tanker company based in Bermuda, specializes in operating Suezmax crude oil tankers, primarily in the spot market where ships are chartered for individual voyages. In the first five months of 2025, Nordic American Tankers Limited (NYSE:NAT) added two vessels built in 2016 to its fleet at a total cost of $132 million, while divesting two older vessels from 2003–2004 for a combined $45 million. As of March 31, 2025, NAT reported a cash balance of $103 million. The average time charter equivalent (TCE) for its fleet during the first quarter of 2025 stood at $24,714 per ship per day, with operating expenses amounting to $9,000 per vessel. Including proceeds from the sale of the 'Nordic Apollo,' the company posted a net profit of $4.2 million for the quarter. In addition, Nordic American Tankers Limited (NYSE:NAT) continued to focus on environmental performance by optimizing voyage planning and vessel speed to help reduce emissions. In June, the company declared a 16.2% hike in its quarterly dividend to $0.07 per share. This was the company's 111th consecutive quarterly dividend, which makes it one of the best dividend stocks from the shipping industry. As of July 30, the stock has a dividend yield of 10.39%. While we acknowledge the potential of NAT as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and Disclosure: None.
Yemen Online
23-06-2025
- Business
- Yemen Online
Greek Shipowner Linked to Rare Suezmax Deal to Replace Houthi-Damaged Tanker
Greek shipping interests have reportedly entered a rare secondhand sale-and-purchase (S&P) deal to acquire a replacement vessel, signaling a swift response to operational disruptions in the Red Sea. The Sounion, which was carrying 1 million barrels of Iraqi crude to Greece, suffered severe damage from multiple projectiles on August 21, 2024, prompting fears of an environmental disaster and forcing the vessel out of service. Salvage efforts were only permitted after international pressure led the Houthis to allow rescue operations. According to industry sources, the replacement vessel is believed to be a modern Suezmax tanker, acquired discreetly through a private transaction. While the buyer's identity has not been officially confirmed, maritime analysts suggest links to Greek owner George Chatzis, known for his recent activity in the secondhand market. The deal is notable given the tight availability of Suezmax tonnage and rising geopolitical risks in the region.
