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
2 April 2026
Alongside a rapid continued build-out of renewables, China’s latest five-year plan stresses the value of domestic hydrocarbon production for energy security and calls for increased Russian gas imports
2 April 2026
The government is taking important steps to revive domestic production, lift investment and benefit from the geopolitical crisis even if more needs to be done in the longer term
1 April 2026
Golden Pass’s startup offers QatarEnergy a timely boost but may also force a difficult choice between honouring disrupted contracts and capitalising on soaring spot LNG prices
1 April 2026
It is not a case of if or when, but the length and magnitude of economic damage from elevated oil prices
