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Tanker stocks up double digits during a month of geopolitical chaos

  • Crude tanker stocks rose 15% over the past month; product tanker stocks gained 13%. In contrast, the SPDR ETF tracking the S&P 500 fell 2%
  • BWET tanker shipping ETF continues to trounce VLCC owner equities. BWET is up 67% over the past month vs 15% gain for VLCC owner equities
  • Fearnley Securities believes tanker equities ‘still carry a lot of upside potential’ whereas Evercore ISI warns on future downside

Tanker stocks are proving to be a worthy hedge for investors. Geopolitical unrest has been a headwind for the broader market, but it is the gift that keeps on giving for tanker equities

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