-
Product tankers on course to a winter wonderland?
The tanker stocks are benefiting from the action in product trades as the winter season looms driving demand. On social media platform X (formerly known as Twitter) investor/ analyst Ed Finley-Richardson highlighted good results in the sector, and quoting the analysts at Pareto, wrote: “product tanker names in general are outperforming expectations and Q4 estimates are pushed higher”. This was certainly the case with International Seaways (NYSE – INSW) which continues to benefit from its now prescient acquisition of Diamond S, which itself had acquired a fleet of product tankers from Capital Product Partners. ... (full story)