Ivory Basement

Tanker Stocks: Bargains Here?

Unfortunately I work in oil industry trading. The price of oil IS a factor in ship movements and reduces shipping volumes. If your arb from one region to another is $2/bbl and shipping costs go up a $1/bbl (which we've seen) then your margin is reduced and the chances of you actually shipping something reduces because you're less likely to take on the inherent risks of moving cargoes long distances.
Not sure where some of the above numbers are coming from but the medium sized ships we move (37kt) ships we move brake even is around $20K a day. Cost of bunkers has risen faster than crude due to spec changes.

Tanker Stocks: Bargains Here?

All tankers run on oil. Oil is more and more expensive and margins are falling on movements.
Also if you look at all the new build tankers coming on line in the near futures we may well end up with a glut of ships in 2-3 years.
None the less it's still a likely good medium term idea though.