Frontline’s 28 Open VLCCs Are the Real Story Behind FRO Stock Right Now
I keep coming back to the same number after my last piece on Frontline ( $FRO ). Not the $76,900 day rate. The other one. Twenty-eight. The number that keeps…
Market Signals, Stock Analysis
$FRO: Frontline Locked In a $76,900 Day Rate Before the War Started. That Looks Prescient Right Now.
I have been watching Frontline ($FRO) for a while now and I have to say, their Q4 2025 setup looks different in hindsight than it probably felt at the time….
Tanker News
One Month In: Strait of Hormuz Still Not Normal for Tanker Shipping
A month into this crisis, the Strait of Hormuz still is not operating like a normal shipping lane. The best way to describe it now is simple: this is no…
Tanker Education
What Is the Baltic Dirty Tanker Index? The Rate Gauge Every Tanker Investor Watches
When tanker investors, analysts, and company executives talk about freight rates, they almost always reference an index. The most commonly cited one for crude oil tankers is the Baltic Dirty…
Tanker Education
What Is the Shadow Fleet? The Hidden Tanker Network Every Investor Needs to Know
Every serious discussion of tanker markets eventually comes back to the shadow fleet. You will hear it on earnings calls, in analyst notes, and in any honest breakdown of why…
Tanker Education
How to Read a Tanker Dividend Yield Without Getting Burned
If you have ever searched for high-dividend stocks, tanker companies have probably shown up near the top of the list. Yields of 10%, 15%, sometimes higher. It looks almost too…
Tanker Education
Spot Rates vs Time Charter Rates: What Every New Tanker Investor Needs to Know
Every earnings call for every tanker company will mention spot rates and time charter rates within the first five minutes. These two terms describe the two ways a tanker company…
Tanker Education
How Tanker Stocks Make Money: A Plain English Guide for New Investors
I get this question more than any other from people just starting to look at tanker stocks: how does this business actually work? You can look up Frontline ($FRO) or…
Tanker Education
What Is a VLCC? The Giant Crude Carrier Every Tanker Investor Needs to Understand
If you have spent any time reading about tanker stocks, you have seen the acronym VLCC thrown around constantly. VLCC rates hit records. VLCC day rates at $423,000. The VLCC…
Tanker News
Tanker News Roundup: Hormuz Standoff, Trump Deadline, and What the Closed Strait Means for Freight Rates
We are now 37 days into the Strait of Hormuz closure and the market is pricing in a reality that still feels surreal to me every time I pull up…
Market Signals, Shipping News
Which Tanker Stocks Win in a Prolonged Hormuz Crisis: An Investor’s Framework
Brent just cracked $141. VLCCs are pulling in north of $420,000 a day on peak Middle East fixtures. Suezmax and Aframax charters? Over $300,000. Six months ago those same ships…
Hormuz Stays Closed as Islamabad Accord Stalls and Iraq Starts Moving Oil
I have been staring at this map for three days and the math keeps getting worse. Trump gave Iran until today to open Hormuz or face what he called living…