'Tanker Shortage Sends Oil-Shipping Rates Soaring' - WSJ

Ardmore Shipping Exercises Option For Two Additional 40,500 DWT Handysize Product/Chemical Tankers

Ardmore Shipping Corporation (NYSE: ASC) ("Ardmore" or the "Company") today announced it has exercised the options for a further two 40,500 dwt Handysize product/chemical tankers to be built at Wuhu

Strait of Hormuz, Red Sea Disruptions Send BWET ETF to All-Time Highs as Tanker Rates Surge

Hormuz and Red Sea disruptions are driving tanker freight rates higher, sending BWET ETF to all-time highs as shipping risks intensify.

Shares of marine energy transport companies are trading lower amid continuing oil price declines and optimism for U.S.-Iran progress on reopening the Strait of Hormuz, both of which will contribute to declining tanker charter day rates going forward.

BTIG Maintains Buy on DHT Holdings, Raises Price Target to $28

BTIG analyst Gregory Lewis maintains DHT Holdings (NYSE:DHT) with a Buy and raises the price target from $23 to $28.

DHT Holdings Secures 3-Year VLCC Charter At $100,000/Day With Global Energy Company

DHT Holdings, Inc. (NYSE:DHT) ("DHT" or the "Company") today announced it has entered into a three-year time charter agreement at $100,000 per day for the VLCC DHT Panther, built in 2016. The contract is

Want to Look Beyond AI? Watch These Freight ETFs Skyrocketing YTD

Geopolitical instability in the Middle East has caused maritime chokepoints at the Strait of Hormuz, forcing vessels to reroute and reducing global fleet capacity. This has driven tanker charter rates to historic highs, with daily spot rates reaching nearly $470,000 compared to previous $75,000-$100,000 levels. Shipping companies are reporting record earnings, and freight ETFs—particularly those focused on tanker shipping—are experiencing exceptional returns, with BWET up over 3,700% year-to-date.