Tanker Stocks P/NAV Scorecard: April 24, 2026
What P/NAV Means and Why You Should Care Picture a used car dealership. The cars on the lot are worth […]
Market Signals
Weekly SteamGauge dashboard, fear and greed sentiment, moving average signals, dividend trend signals, and recurring tanker market scorecards.
CMBT Annual Report 2025: Why the Dividend Case Weakened
The CMBT 2025 20-F splits revenue across tankers, gas, and dry bulk, commits 2026 CapEx above free cash, and lines up a May 21 AGM vote that sets the dividend path.
Hafnia HAFN Q1 2026 Earnings: Dividend Beats Consensus
Our Q1 2026 model for Hafnia (HAFN) shows MR and LR2 spot capture driving a dividend above consensus, with read-through to STNG and ASC into the print.
Market Signals
STNG Capital Allocation After the $300 Million Vessel Sale, Newbuild CapEx Math and the Debt Path Into the May 5 Print
Scorpio Tankers (STNG) told the market this week that it is selling six 2014-built product tankers for $300 million in
Market Signals
INSW Versus TNK, Which Suezmax Focused Tanker Stock Screens Better in 2026
International Seaways (INSW) and Teekay Tankers (TNK) are two of the cleanest listed plays on Suezmax (a crude tanker class
Market Signals
Scorpio Tankers STNG Sells Six 2014 Built Product Tankers for $300 Million Ahead of May 5 Q1 Print
Scorpio Tankers filed a 6-K on April 21 selling six 2014 built product tankers for $300 million, $50 million per ship. A priced secondhand mark two weeks before the May 5 Q1 call.
Market Signals
Hafnia HAFN Fleet and Dividend Deep Dive: What the $405 Million MR Newbuild Commitment Means for the Payout Floor in 2026
Hafnia committed $405 million to eight MR newbuilds on April 14. With Q1 earnings due in mid May, the number that matters is whether the eighty percent payout floor holds through a softer 2026 rate year.
Market Signals
VLCC Spot Rates Hold Near $90,000 Per Day: What DHT’s Q2 Booking Signal Says About Crude Tanker Earnings
DHT just booked thirty-eight percent of Q2 VLCC days at nearly one hundred and ninety thousand dollars per day. Here is what that forward rate signal means for FRO, DHT, and INSW earnings into Q1 prints.
Market Signals
CMBT Stock Analysis: Fleet Breakdown, CMB.TECH Transition, and Whether the Valuation Still Screens as a Tanker Bet
CMBT is no longer the Euronav tanker dividend stock. Here is the current fleet split, what the CMB.TECH transition did to capital allocation, and whether the P/NAV discount is still a tanker bet worth taking in 2026.
Market Signals
VLCC Spot Rates Weekend Recap, April 19, 2026: Where Crude Tanker Earnings Power Sits Going Into Q1 Prints Week
The weekend tape for VLCCs came in mixed, with TD3C (the Middle East Gulf to China benchmark rate) holding firm
Market Signals
Ardmore Shipping (ASC) Q1 2026 Earnings Preview: MR and Chemical Fleet Rate Exposure, Cash Return Trajectory, and the Setup Into the Print
Ardmore Shipping reports Q1 2026 earnings in the coming weeks. ASC is the forgotten name on the product tanker watchlist.
Market Signals
VLCC Spot Rates Hold Near $90,000 Per Day: What DHT’s Q2 Booking Signal Says About Crude Tanker Earnings
The crude tanker market has a habit of giving mixed signals in April. Spot rates soften as refinery maintenance bites.