By Barry Parker (gCaptain) – The listed companies running the big fleet of tankers have now reported earnings for 2022’s Q4. As last year ended, the market had seen a huge run-up. Though spot TCE’s for VLCCs and Suezmaxes eased somewhat around early December as the price caps on Russian crude were kicking in, the quarterly results were still off-the-charts good. The results were so good that market stalwart International Seaways (NYSE: INSW) hit new highs in trading following its “earnings beat” announcement $218.4 million net income (working back to $4.40 per share, assuming full dilutions). Its share price reached...
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[post_date] => 2023-03-01 22:15:40
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[post_content] => By Barry Parker (gCaptain) – The listed companies running the big fleet of tankers have now reported earnings for 2022’s Q4. As last year ended, the market had seen a huge run-up. Though spot TCE’s for VLCCs and Suezmaxes eased somewhat around early December as the price caps on Russian crude were kicking in, the quarterly results were still off-the-charts good. The results were so good that market stalwart International Seaways (NYSE: INSW) hit new highs in trading following its “earnings beat” announcement $218.4 million net income (working back to $4.40 per share, assuming full dilutions). Its share price reached...
[post_title] => Earnings Season: Big Tankers Rake In Big Bucks
[post_excerpt] => By Barry Parker (gCaptain) – The listed companies running the big fleet of tankers have now reported earnings for 2022’s Q4. As last year ended, the market had seen a huge run-up. Though spot TCE’s for VLCCs and Suezmaxes eased somewhat around ea...
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