1 March 2010
Light at the end of the tunnel for tanker companies
After the 2003-08 bull run – in which tanker rates spiked to record levels in late-2004 and mid-2008 – last year's downturn pushed shares in tanker groups to a seven-year low. Yet there are signs of recovery: shares in Norwegian tanker company Frontline are trading at around $30. That is still well short of the peak in June 2008, when the shares were closer to $70, but a much healthier level than the $16 trough in March 2009, the lowest point since 2003. Dahlman Rose, a US investment bank, is optimistic about the tanker sector's prospects this year, identifying Frontline, Overseas Shipholding Group (OSG) and Nordic American Tanker Shippings as being among the group of companies likely to pe
Also in this section
16 April 2026
Demand for oil is falling because supply cannot meet it, not because it is no longer required
16 April 2026
The continent has an immediate opportunity to make the most of its energy resources by capturing gas that is currently slipping away
15 April 2026
The continent is seeing political pushback to climate plans, corporate reassessment of transition goals and rising supply risk in a fractured global order
15 April 2026
The Middle East energy crisis may turn out to be pivotal to the industry’s long-term expansion, but significant challenges still stand in its way
