Switch to optionsXpress for advanced derivatives trading & earn 50 commission-free trades.
SureTrader Stock Hero Advertisement
Home > Boards > US Listed > Automotive and Transportation >


Add TNK Price Alert      Hide Sticky   Hide Intro
Moderator: No Moderator
Search This Board:
Last Post: 2/24/2015 10:48:50 PM - Followers: 22 - Board type: Free - Posts Today: 0



Tanker rates are a function of the balance between two main factors:

  • Tanker demand
  • Tanker supply

View Current Tanker Rates

Tanker demand
An increase in tanker demand will generally have a positive effect on prevailing spot tanker rates.

Demand for conventional oil tankers is a function of two main factors:

  • World oil demand and supply, which determines the amount of crude oil and refined products available to be transported in tankers
  • The relative locations of oil production, refining and consumption, which affects the distance over which the oil or refined products are transported

The combination of these two factors creates "ton-mile demand", which is a measure of the amount of oil transported in tankers multiplied by the distance over which it travels.

Oil demand and supply
The tanker market cannot exist without the demand for oil and in particular how much of the demand can be met by domestic production / pipeline supply and how much needs to be imported on tankers. The main driver of oil demand is the global economy while population growth is also an important factor, particularly in the developing economies where the emergence of a growing middle class is leading to a rapid increase in vehicle ownership and therefore transportation fuel demand.

As of February 2010, the International Energy Agency estimates that global oil consumption will grow from 84.9 million barrels per day (or mb/d) in 2009 to 86.5 mb/d in 2010 as a result of the expected recovery in the global economy. The majority of the growth is expected to come from emerging economies led by China.

The distance factor
The longer the distance over which oil needs to be transported, the greater the number of ships are required to service the demand. The majority of known oil reserves are located in areas far from major consuming regions, which contributes positively towards demand for oil tankers. The distance over which crude oil or refined petroleum products are transported is determined by seaborne trading and distribution patterns, which are principally influenced by the relative advantages of the various sources of production and locations of consumption. Seaborne trading patterns are also periodically influenced by geopolitical events, such as wars, hostilities and trade embargoes that divert tankers from normal trading patterns, as well as by inter-regional oil trading activity.

Historically, the level of oil exports from the Middle East has had a strong effect on the tanker market as a whole due to the relatively long distance between this supply source and typical discharge points. Over the past few years the growing economies of Asia, and in particular China, have increased and diversified their oil imports, resulting in the growth of import volumes from longer haul producers such as those in the Atlantic Basin and an overall increase in transportation distances for tankers.

Limited growth in refinery capacity in developed nations (the largest consumers of oil in recent years) and increasing refinery capacity in the Middle East and parts of Asia where surplus capacity supports exports have also altered traditional trading patterns and contributed to an increase in transportation distances for products tankers.

Tanker supply
An increase in tanker fleet supply will generally have a negative effect on prevailing spot tanker rates.

The supply of oil tankers is a function of:

  • The construction and delivery of new vessels into the fleet
  • The removal of vessels for scrapping or conversion to other ship types

The level of new vessel orders is primarily a function of newbuilding prices in relation to current and prospective charter market conditions. Available shipyard capacity for newbuildings is another factor that affects tanker supply. The level of scrapping activity is primarily a function of scrap prices in relation to current and prospective charter market conditions and operating, repair and survey costs. Industry regulations also affect scrapping levels, such as the IMO mandated phase-out of single hull tankers which takes effect from 2010.

One-off factors can also impact tanker supply. Examples include the use of ships as floating storage and slow steaming, both of which have the effect of reducing available fleet supply


  • 1D
  • 1M
  • 2M
  • 3M
  • 6M
  • 1Y
  • 2Y
  • 3Y
  • 5Y
Current Price
Bid Ask Day's Range
Option Chain for TNK
TNK News: Nordic American Tankers Offers Tremendous Potential Upside 03/12/2015 05:00:00 AM
TNK News: Report of Foreign Issuer (6-k) 02/25/2015 05:00:42 PM
TNK News: Full Steam Ahead For Teekay Tankers Ltd. 02/23/2015 10:33:35 AM
TNK News: Statement of Ownership (sc 13g) 02/12/2015 04:41:04 PM
TNK News: Amended Statement of Ownership (sc 13g/a) 02/10/2015 02:13:51 PM
#161   This one has been a sleeper for sometime. Ripcord01 02/24/15 10:48:50 PM
#160   I just got out at $6.25. This iheartweimers 02/19/15 12:24:07 PM
#159   These periodic sudden decent size drops in the MikeD248 02/19/15 12:14:03 PM
#158   Shorts covering, % reduced from 15% to 10% iheartweimers 02/19/15 10:42:36 AM
#157   Had a great quarter, beat estimates. This one docoroc2 02/19/15 10:23:22 AM
#156   Stock broke 52 week high yesterday. Been on Ripcord01 01/09/15 09:47:03 AM
#155   Hoping this holds well above the $5 mark wiredawg 12/17/14 08:27:57 PM
#154   $TNK DD Notes ~ http://www.ddnotesmaker.com/TNK stocktrademan 12/16/14 09:15:28 AM
#153   Earnings Call for Q3 2014 is out. iheartweimers 11/06/14 04:05:04 PM
#152   Not complaining just wondering why the up tick today? lowpsycho 07/22/14 12:11:18 PM
#151   I am hoping for a good return on lowpsycho 07/21/14 05:24:48 PM
#150   Yes it was on Friday. Though, I wiredawg 07/21/14 02:52:01 PM
#149   Nice return in price. lowpsycho 07/18/14 08:44:43 PM
#148   Thanks for your honesty. I figure between world lowpsycho 07/17/14 06:55:40 PM
#147   I'm betting (just a guess) more dumping in wiredawg 07/17/14 06:53:15 PM
#146   I am aware of the events just find lowpsycho 07/17/14 06:43:02 PM
#145   Are you not aware of world events. Today? wiredawg 07/17/14 06:31:04 PM
#144   lowpsycho 07/17/14 03:36:03 PM
#143   Did I miss something? This looks like the lowpsycho 07/17/14 03:36:02 PM
#142   Why the drop in price? Is TNK typically lowpsycho 07/17/14 11:02:03 AM
#141   Agreed....boring quarterly dividend stock, I guess. It's wiredawg 07/14/14 04:17:27 PM
#140   Why is this board so empty? TNK appears lowpsycho 07/14/14 03:51:03 PM
#139   http://marketrealist.com/2014/06/must-know-oil-tanker-company-overview-teekay-ta dabonenose 06/22/14 10:06:54 PM
#138   "Tanks" for the reply... :) wiredawg 01/22/14 04:30:14 PM
#137   Fracking in the US has produced a surplus iheartweimers 01/22/14 02:15:17 PM
#136   Finally, a response from someone...LOL wiredawg 01/22/14 11:23:28 AM
#135   I've just started watching this stock. Crazy gains today. Wanekee 01/21/14 01:01:00 PM
#134   No posters here... wiredawg 01/15/14 06:29:25 PM
#133   Shipping has been getting good marks lately RJ5 12/23/13 01:54:08 PM
#132   This has taken quite a northward turn in chem8 12/23/13 01:43:25 AM
#131   Nothing negative in the earnings. Things are Ripcord01 11/08/13 04:57:15 PM
#130   Let's see what the earnings say this week. Ripcord01 11/04/13 11:56:55 AM
#129   TNK Chart: on the road back to 3........$$$ ospreyeye 11/03/13 07:57:08 PM
#128   I think this stock is again going into Ripcord01 10/09/13 07:03:43 PM
#127   seeing some interesting activity ...a lot of buying Ripcord01 09/26/13 08:53:49 AM
#126   I agree. This time I think tnk will go Kami_ss 09/24/13 09:16:29 AM
#125   This stock is much stronger than most Tanker Ripcord01 09/23/13 09:50:15 PM
#124   Bullish - should soon touch higher prices 2.84-2.98 Kami_ss 09/18/13 10:58:32 AM
#123   This is a great day to buy. SmokinJoes 08/30/13 12:33:04 PM
#122   TNK Conference Call for 2Q http://seekingalpha.com/article/1625292-teekay-tanke iheartweimers 08/09/13 09:03:39 PM
#121   ~ $TNK ~ Daily Par Sar Buy Signal Penny Roger$ 07/05/13 02:31:30 PM
#120   Things may be looking up for TNK. http://www.fool.com/investing/general/2013/06/ iheartweimers 06/12/13 07:37:44 PM
#119   Taking some profits here @ 2.70. pennytrader 05/15/13 01:26:53 PM
#118   next stop 2.90. Could see the chasers hit pennytrader 05/14/13 07:04:18 PM
#117   need a 2.59 break and it's go time. pennytrader 05/13/13 04:56:25 PM
#116   time to look at TNK again -preferreds may catdaddyrt 04/29/13 09:03:09 AM
#115   Got long this today. I love these cheap Pennyfisher 02/19/13 11:42:37 PM
#114   2 Major Reasons Why Natural Gas Could Save HIS MONEY 01/11/13 08:14:28 AM
#113   Three New Bullish Technical Indicators. $TNK HIS MONEY 01/11/13 08:11:32 AM
#112   is now the time to buy xNoahx 11/14/12 10:55:24 AM