Main publicly traded tanker operators, organized by vessel type and primary listing.
Crude Oil Tankers #
| Company |
Ticker |
Exchange |
Notes |
| Frontline |
FRO |
NYSE |
Bermuda-based, one of the largest crude tanker fleets |
| Euronav |
EURN |
NYSE |
Belgium-based, crude oil specialist |
| DHT Holdings |
DHT |
NYSE |
Pure-play crude oil tanker co. |
| International Seaways |
INSW |
NYSE |
US-based, crude + products |
| Nordic American Tankers |
NAT |
NYSE |
Bermuda-based, Suezmax focus |
| Teekay Corp |
TK |
NYSE |
Crude oil + gas marine transport |
| Kirby Corp |
KEX |
NYSE |
US inland tank barges |
Product (Clean) Tankers #
| Company |
Ticker |
Exchange |
Notes |
| Scorpio Tankers |
STNG |
NYSE |
Large product tanker fleet (~99 vessels) |
| Torm |
TRMD |
Nasdaq |
Danish, world's 3rd largest product tanker operator |
| Hafnia |
HAFN / HAFNI |
NYSE / Oslo |
Norwegian, world's largest product tanker operator |
| Ardmore Shipping |
ASC |
NYSE |
MR tanker specialist |
LPG / Specialized #
| Company |
Ticker |
Exchange |
Notes |
| Dorian LPG |
LPG |
NYSE |
Liquefied petroleum gas shipping |
Key Points #
- Crude tankers (VLCC, Suezmax, Aframax) move unrefined oil from producers to refineries
- Product tankers (MR, LR1, LR2) move refined products (gasoline, diesel, jet fuel) from refineries to markets
- Most companies are incorporated in Bermuda or Monaco for tax reasons but trade on US exchanges
- Many operate on spot markets (volatile earnings) + time charters (predictable cash flow)
#long