
On December 27, 2024, the tanker market experienced a decline of approximately 1% amid a broadly negative market environment. This downturn followed a strong performance earlier in the week, specifically on Monday and Tuesday. The Oslo market reopened after a lengthy break, contributing to the market's adjustment. Despite the overall decline in tankers, there were notable gains in other shipping sectors, with tankers up by 3-6%, dry bulk by 2-5%, and VLGCs by 4% on the reopening day. The broader market remained under pressure, with various stocks, including $HAFN, leading the decline. Container freight futures also faced challenges, opening down 3% but recovering slightly to end down 1%. The Shanghai Containerized Freight Index (SCFI) reported a weekly increase of 2.9%. Key companies mentioned include $FRO, $NAT, $TEN, $TRMD, $BWET, $STNG, $TNK, $DHT, $INSW, $ASC, $ECO, and $HAFNI.
Some green names on a red day from the S&P 500 list. $LW $APA $FDX $EQT $HSY $DTE $OXY $PFE $DG
Very RED broad market day. Tankers mildly down. $ECO strong. $HAFN weak $FRO $NAT $TEN $TRMD $BWET $STNG $TNK $DHT $INSW $ASC $ECO $HAFNI https://t.co/eYWheFY8sO
Capesize FFAs slightly up today. @freightinvestor $NMM $SBLK $BDRY $HSHP $GOGL $GNK $PANL $SB $SHIP https://t.co/1rKYfg4svd










