Seeking Alpha

ShippingInsider's  Instablog

ShippingInsider
Send Message
I am an executive at a global tanker company, but have a background in the equity markets. I do a lot of industry analysis on the tanker industry and the publicly listed tanker companies, FRO, NAT, GMR, DHT, ONAV, CCCP, OSG, TK, TNK
My blog:
The Tanker Insider
  • First Quarter Tanker Earnings 3 comments
    Apr 1, 2010 5:03 AM | about stocks: FRO, OSGIQ, TNP, TK, TNK, NAT, GMRRQ

    Now that the First Quarter is over, we can look at what shipping rates are and what analyst expectations are in the industry...

    VLCCs averaged around $55,000 p/d in the first quarter, which is about $5k more than expectations of most analysts. This is good for FRO as you will probably see their earnings revised upwards this quarter.  Also good for OSG, and TNP.
     
    Suezmaxes averaged around $38,000 p/d in the first quarter, which is about $8k more than the expectations of most analysts. This is great for NAT, and good for FRO, GMR, TNP and TNK. 

    Aframaxes averaged around $19,100 p/d in the first quarter, which is about exactly in-line with analyst estimates. This is neutral for most Afra players, including TNP, OSG, TK, TNK, and GMR. 



    Disclosure: No holdings
Back To ShippingInsider's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (3)
Track new comments
  • ShippingInsider
    , contributor
    Comments (5) | Send Message
     
    Author’s reply » One comment, that should read earnings estimates should be revised, not earnings.
    1 Apr 2010, 06:44 AM Reply Like
  • Casualbrain
    , contributor
    Comments (5) | Send Message
     
    Thanks for the synopsis. I make it a habit of trying to check the intertanko IKF page most days, but an average is nice to see.
    1 Apr 2010, 06:29 PM Reply Like
  • xbroom
    , contributor
    Comments (54) | Send Message
     
    Thanks for the input. More insights would be appreciated. Check out my shipping earnings preview for a summary of the dates and estimates for major shipping companies. Please make more insightful posts like this, thanks.
    6 Apr 2010, 11:32 AM Reply Like
Full index of posts »
Latest Followers

Latest Comments


Posts by Themes
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.