Tanker Stocks P/NAV Scorecard: May 22, 2026
What is P/NAV and why does it matter Tanker stocks can feel mysterious. The companies own giant ships, the ships […]
Market Signals, Tanker Stocks
Market Signals
Weekly SteamGauge dashboard, fear and greed sentiment, moving average signals, dividend trend signals, and recurring tanker market scorecards.
Market Signals
CMBT Isn’t a Tanker Stock Anymore. Half Its Fleet Pays Dividends Today, the Other Half Eats One Billion Dollars in Cash Until 2027.
CMB.TECH heads into the May 21 AGM with half its fleet earning cash today and half consuming over one billion dollars in newbuild capex until 2027. The decoupling from the pure VLCC trade shows up in three line items investors should track.
Market Signals
INSW Doubled Its ATM Shelf to Two Hundred Million Dollars. The Four Dollar Dividend Math Is About to Get Worse, and Yield Buyers Are Still Pricing the Old Number.
International Seaways doubled its at-the-market equity shelf to two hundred million dollars and swapped in a shipping-focused agent bench. The four dollar combined dividend math now carries a moving share count, and yield buyers are still pricing the old number.
Market Signals
INSW Drops a Four Dollar Dividend Bomb. The Rest of the Tanker Boards Are Now Officially on Defense.
The first stretch of Q1 2026 earnings season for the tanker group landed in a single week, and it landed
Market Signals
FRO Earnings Preview. INSW Set a Four Dollar Dividend Bar. Now Watch Frontline Try Not to Flinch.
Frontline (FRO) reports Q1 2026 earnings next, and the setup is unusual. The crude tanker peer set has already laid
Market Signals
VLCC Gets the Headlines, Aframax Gets the Cash: TNK Is the Cleanest 2026 Play After INSW $4.55 Print
Aframax spot rates have held firm into Q2 2026. TNK runs 100% spot exposure on Suezmax and Aframax. INSW set the bar at $4.55 a share.
Market Signals
Record $4.55 Dividend. $286M Q1. INSW Set the Tanker Cash Bar for All of 2026.
INSW printed $286M in Q1 net income and the largest supplemental dividend in company history at $4.55 a share. The 2026 tanker cash bar is set for FRO, DHT, and TNK.
Market Signals
Scorpio’s $96,000 LR2 Print Hands HAFN Bulls a Monster Q2
Hafnia’s MR fleet earnings power for Q2 2026 after Scorpio’s $96,000 LR2 print, plus the May 26 AGM buyback vote and dividend math after $405M capex.
Market Signals
$4.55 Per Share: INSW Declares Record Dividend, Sells Seven Tankers, Extends Poison Pill
International Seaways declared a $4.55 dividend, the biggest in company history, sold seven older tankers, and extended its poison pill to 2029.
DHT Holdings Pays Out 100% of Profits. Here Is the Q1 Cash Math Investors Are Sleeping On.
DHT Holdings dividend math, the 100% payout policy in plain English, the cash breakeven per VLCC, and the three line items to mark before the May 14 Q1 release.
Forget Frontline at 3.28x. Two Tanker Stocks Still Trade Below Fleet Value.
Forget Frontline at 3.28 times fleet value. Six of the eight tanker stocks on the txzen.com watchlist now trade above
$50,830 to $96,000 in One Quarter: Scorpio’s Q2 Book Resets Every Product Tanker Stock (STNG, ASC)
Scorpio Tankers (NYSE: STNG) filed its first quarter results on May 5, 2026. The headline numbers were strong. Net income