NEW YORK, NY--(Marketwired - Jan 28, 2016) - Capital Link announces the availability of the transcript for its latest webinar focused on the crude oil tanker shipping sector that took place this Tuesday, January 26, 2016 at 11:00 am EST.
The webinar was moderated by Michael Webber, Senior Analyst, Director Shipping, Equipment Leasing & Marine MLPs Equity Research at Wells Fargo Securities, LLC and included the following panelists:
- Euronav NV (NYSE: EURN)(EURONEXT: EURN), Mr. Paddy Rodgers, CEO
- Frontline Ltd (NYSE: FRO)(OSE: FRO), Mr. Robert Hvide Macleod, CEO
- Tsakos Energy Navigation Ltd. (NYSE: TNP), Dr. Nikolas P. Tsakos, President & CEO
As part of this webinar, the panelists discussed trends and developments in the tanker shipping sector, including the effect of declining oil prices on the sector and topics such as supply and demand, asset values and freight rates, second hand and newbuild markets, access to capital -- all key factors affecting the tanker shipping market today. The discussion focused on the sector and not on individual companies.
Those who are interested in the audio archive or transcript of the panel discussion can request a copy at no cost through http://webinars.capitallink.com/2016/tanker/signup.html
ABOUT EURONAV (NYSE: EURN)(EURONEXT: EURN)
Euronav is an independent tanker company engaged in the ocean transportation and storage of crude oil and petroleum products. The Company is headquartered in Antwerp, Belgium, and has offices throughout Europe and Asia. Euronav is listed on Euronext Brussels and on the NYSE under the symbol "EURN". Euronav employs its fleet both on the spot and period market. VLCCs on the spot market are traded in the Tankers International pool of which Euronav is one of the major partners. Euronav's owned and operated fleet consists of 56 double hulled vessels being one V-Plus vessel, 28 VLCCs (of which 1 in 50%-50% joint venture), three VLCCs under construction which were recently acquired as resales of existing newbuilding contracts, 22 Suezmaxes (of which four are owned in 50%-50% joint ventures) and two FSO vessels (both owned in 50%-50% joint venture). The Company's vessels mainly fly Belgian, Greek, French and Marshall Island flags.
ABOUT FRONTLINE LTD. (NYSE: FRO)(OSE: FRO)
Frontline Ltd. (the "Company") is a world leader in the seaborne transportation of crude oil and refined products. The Company's diversified fleet of vessels within the VLCC, Suezmax, Aframax/LR2, and MR segments is the largest among U.S. listed tanker companies by carrying capacity. Due to Frontline's brand, financial flexibility, and significant scale, it holds a unique position among its peers. The Company has a long history of executing strategic transactions and returning value to shareholders through dividends and spin-offs. Frontline is listed on both the New York and Oslo Stock Exchanges under the symbol "FRO."
ABOUT TSAKOS ENERGY NAVIGATION (NYSE: TNP)
To date, TEN's fleet, including two VLCCs, an LNG carrier, nine Aframax crude oil tankers, a Suezmax DP2 shuttle tanker and two LR1 tankers all under construction, consists of 65 double-hull vessels, a mix of crude tankers, product tankers and LNG carriers, totalling 7.2 million dwt. Of these, 47 vessels trade in crude, 13 in products, three are shuttle tankers and two are LNG carriers. In addition, TEN has an option to construct another Suezmax DP2 shuttle tanker. All of TEN's tanker newbuildings except the two VLCCs and the LNG carrier Maria Energy are fixed on long-term project businesses. TEN is listed on the New York Stock Exchange under the ticker symbol "TNP".
ABOUT THE ORGANIZER - CAPITAL LINK INC.
Capital Link is an Advisory, Investor Relations and Financial Communications firm with strategic focus, among other, on the maritime industry working with the many sector companies listed on the U.S. and European Exchanges. Capital Link's headquarters are in New York with a presence in London, Athens and Oslo. It is a member of the Baltic Exchange. In our effort to enhance the information flow to the investment community and improve investor knowledge of shipping, Capital Link has undertaken a series of initiatives beyond the traditional scope of our investor relations activity through our websites, weekly newsletters, webinars, investor forums in New York, London, Athens and Shanghai, and the Capital Link Maritime Indices.