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TEEKAY TANKERS CL A (TNK)

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Last Post: 10/17/2019 10:10:50 AM - Followers: 36 - Board type: Free - Posts Today: 0



WHY INVEST IN TNK

http://www.teekaytankers.com/Investors/Why-Invest-in-TNK/default.aspx


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

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TNK News: Teekay Corporation Announces 3.5-Year Contract for the Hummingbird Spirit FPSO 10/11/2019 06:55:00 AM
TNK News: Teekay Group to Postpone Investor Day on October 2, 2019 09/30/2019 02:30:00 AM
TNK News: Teekay Group to Host Investor Day on October 2, 2019 09/19/2019 04:10:00 PM
TNK News: Report of Foreign Issuer (6-k) 08/15/2019 04:44:17 PM
TNK News: Report of Foreign Issuer (6-k) 08/01/2019 12:46:04 PM
PostSubject
#399   TNK shipping sector is a dream come TrendTrade2016 10/17/19 10:10:50 AM
#398   * * $TNK Video Chart 10-14-2019 * * ClayTrader 10/14/19 05:53:59 PM
#397   another solid day SmallCapStockGuy 10/14/19 04:55:35 PM
#396   Tanker Stocks have been doing great. conix 10/14/19 12:34:18 PM
#395   TNK boom outta the gate!! TrendTrade2016 10/14/19 09:55:47 AM
#394   TNK has been trending for a while and SmallCapStockGuy 10/13/19 05:16:14 PM
#393   TNK 2.40 soon TrendTrade2016 10/12/19 04:19:44 PM
#392   90% of this board only play otc garbage!! TrendTrade2016 10/11/19 04:06:57 PM
#391   Strange how quite the board is. faceoff 10/11/19 11:02:05 AM
#390   TNK on fire!!! TrendTrade2016 10/11/19 09:39:28 AM
#389   TNK boom...gappa!!! TrendTrade2016 10/11/19 09:27:18 AM
#388   TNK...holding long...shipping sector is in play...stay tuned for TrendTrade2016 10/11/19 08:49:22 AM
#387   * * $TNK Video Chart 10-09-2019 * * ClayTrader 10/09/19 04:58:58 PM
#386   TNK. Stronger by the minute TrendTrade2016 10/09/19 09:32:11 AM
#385   rayank 10/08/19 09:22:11 AM
#384   Yes I agree with some re-tracement. rayank 10/08/19 09:16:17 AM
#383   TNK beautiful bull here..bit extended so watch for TrendTrade2016 10/08/19 05:33:34 AM
#382   * * $TNK Video Chart 10-07-2019 * * ClayTrader 10/07/19 05:09:10 PM
#381   TNK buy 1.7350 stocktrademan 10/07/19 02:30:19 PM
#380   You’re welcome. Follow me bro and your wife TrendTrade2016 10/07/19 09:49:08 AM
#379   Thanks! faceoff 10/07/19 09:45:58 AM
#378   Boom. Who’s your daddy. Trend trade nails another monster. TrendTrade2016 10/07/19 09:44:56 AM
#377   TNK sees 1.61 next!! TrendTrade2016 10/06/19 06:30:43 AM
#376   * * $TNK Video Chart 10-04-2019 * * ClayTrader 10/04/19 05:02:17 PM
#375   Lovely trend here with TNK TrendTrade2016 10/04/19 04:56:09 PM
#374   TNK call went out...amazing little shipper with a TrendTrade2016 10/04/19 10:13:09 AM
#373   Oil shipping rates skyrocket as U.S. sanctions shake conix 09/27/19 03:04:49 PM
#372   News: $TNK Teekay Corporation 2019 Annual General Meeting Presentation whytestocks 06/14/19 09:20:47 AM
#371   TNK Closed @ $1.09 31twu 06/08/19 02:20:24 PM
#370   $TNK 11% MOVE MAY JUST BE THE START. BULLISH TopMarketGainers 05/22/19 08:08:25 PM
#369   News: $TNK Teekay Corporation Announces Pricing of $250 whytestocks 05/02/19 02:10:38 PM
#368   TNK Closed 0.95 31twu 04/04/19 05:55:45 AM
#367   TNK, Low 0.96 Close 0.97 Repeat trading range 31twu 03/09/19 08:18:44 AM
#366   TNK, Lots of Volatility this Year 31twu 11/17/18 06:19:59 PM
#365   TNK ,Teekay Nice Entry level share price "Buy" 31twu 10/26/18 04:49:46 PM
#364   TNK,Teekay Tanker always pulling back off highs $1.10 31twu 10/16/18 03:25:34 PM
#363   TNK ,Oil prices rising on U.S & Saudi 31twu 10/15/18 11:48:46 AM
#362   TANKERS Picking up more $$Revenues with higher demand 31twu 10/12/18 12:40:39 PM
#361   TNK,TEEKAY TANKER Big investors running for safety this 31twu 10/11/18 03:32:59 PM
#360   TNK, BULLISH Closing today upward trend continues 31twu 10/09/18 03:37:14 PM
#359   TNK ,TEEKAY TANKERS BULLISH UPWARD TRENDS CONTINUES 31twu 10/08/18 05:31:20 PM
#358   TNK, Insiders" BUYING" for Board Voting Powers .Trading 31twu 10/06/18 02:05:08 PM
#357   TNK, Looking "BULLISH" Today .Volume picking up 31twu 10/05/18 12:58:26 PM
#356   Teekay Corporation Declares Dividend Investolator 10/04/18 12:31:28 PM
#355   Got a link? I see TK with an krays 10/03/18 07:20:34 PM
#354   TNK ,Teekay Tanker GREAT! NEWS The" Dividend " 31twu 10/03/18 04:24:53 PM
#353   TNK,Shares looking "BULLISH" Today 31twu 10/03/18 11:23:23 AM
#352   TNK,VOLUME ALERT:Large Trades 2MIL to 3MILLION @ $1.02 31twu 10/02/18 02:17:18 PM
#351   TNK,Jefferies: Rates Teekay Tanker @ (HOLD) 10/1/18 31twu 10/01/18 10:39:34 AM
#350   TNK ,Time to Lock & Load "BUY" shares 31twu 09/27/18 04:29:36 PM
PostSubject