Oil Tanker Stocks Get Hammered In Market-Wide Selloff ...Middle East

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Oil Tanker Stocks Get Hammered In Market-Wide Selloff
source : OILPRICE ( Middle East ) () 20
Last month, we reported that commodity shipping stocks were exploding amid a global commodity supercycle. Leading commodity shipping stocks Tsakos Energy Navigation (NYSE: TNP) and Teekay Tankers (NYSE: TNK) recently took out 52-week highs, as did dry bulk carrier owners Genco Shipping & Trading (NYSE: GNK), Golden Ocean (NASDAQ:GOGL), and liquefied natural gas (LNG) carrier owner Flex LNG (NYSE: FLNG).  But fortunes can change at the speed of light in this business. Monday was a rough day for the U.S. stock market as concerns over China’s…

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