• BIST 107.479
  • Altın 151,616
  • Dolar 3,6610
  • Euro 4,3049
  • İstanbul 22 °C
  • Ankara 18 °C

Strong increase in daily rates

Strong increase in daily rates
Shares in Euronav (EUAV.BR) reach a 15-month high after the Belgian oil tanker operator said it has seen a strong increase in the daily rates it is getting for its ships in 2010.

Shares in Euronav (EUAV.BR) reach a 15-month high after the Belgian oil tanker operator said it has seen a strong increase in the daily rates it is getting for its ships in 2010.

Shares in Euronav (EUAV.BR) reach a 15-month high after the Belgian oil tanker operator said it has seen a strong increase in the daily rates it is getting for its ships in 2010, fuelled by a surge in oil demand. [ID:nLDE60I1N6]
The stock hits a high of 17.20 euros, up 4.6 percent, after the company says rates for its very large crude carriers (VLCC) improved over the last two weeks to around $100,000 per day. "The surge in rates is driven by the cold snap in the northern hemisphere adding to oil demand," says KBC Securities in a note. The broker ups its rating on Euronav to "accumulate" from "hold" and its price target to 18 from 14 euros per share.

A trader adds: "The read-through longer term is good. VLCC rates are going well above the break-even rate ... if it continues at about $70,000 then they will make a nice profit."

www.TurkishMaritime.com.tr

This news is a total 1750 time has been read
  • Comments 0
    UYARI: Küfür, hakaret, rencide edici cümleler veya imalar, inançlara saldırı içeren, imla kuralları ile yazılmamış,
    Türkçe karakter kullanılmayan ve büyük harflerle yazılmış yorumlar onaylanmamaktadır.
    Bu habere henüz yorum eklenmemiştir.
Other News
All Rights Reserved © 2006 TURKISH MARITIME | İzinsiz ve kaynak gösterilmeden yayınlanamaz.
Phone : 0090 212 293 75 48 | Fax : 0090 212 293 75 49 |