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NYSE listed NAT specializes in the acquisition and chartering of double-hull tankers. It owns and operates 24 Suezmax crude oil tankers. With a recent market cap of $1.28 billion, its 2014 revenues stood at $351 million, and EPS (TTM) at 0.94. It has a history of regular dividend payments, with a quarterly payment frequency making it fit for investors looking for regular dividend income.
SFL is based in Hamilton, Bermuda and was founded in 2003. It is in the business of owning, operating and chartering vessels. Although it is primarily into oil transportation, its operations also span across a wide variety of functions that include transportation of oil, chemicals and containers. Its fleet includes around 60 different large sized vessels.
It has a history of regular dividend payments with a quarterly frequency and a healthy dividend yield of 11.85%. DHT is based in Hamilton, Bermuda and was founded in 2005. It owns and operates crude oil tankers, and has a fleet of 18 crude tankers including 14 VLCC. With a recent market cap of $742.8 million, its 2014 revenues stood at $150.789 million and trailing twelve months (TTM) EPS at 1.03.
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In the last one year of declining prices and increasing oversupply of crude oil, the performance of different stocks of crude oil tanker companies has been a mixed bag. Graph Courtesy: Yahoo! Finance Over a 10-year long period, there have been wide swings in the intermittent performance of the stocks, but the overall returns have been negative - tanker companies.
The multiple and sporadic spikes and wide swings in either directions do indicate good short term trading opportunities for active traders. Long term investors may need to remain vigilant with regular tracking of stock specific developments, and switching their holdings accordingly. Disclaimer: At the time of writing this article, the author was not holding any of the mentioned stocks.
Schneider worked with tank companies and the railroads to develop a way to ship liquid bulk loads intermodally. Photo courtesy Schneider The intermodal container business has allowed many companies to shift longer-haul freight to rails in the face of tight capacity and a driver shortage. But in recent years, Schneider and a handful of other fleets have turned that same concept to the liquid bulk business. tanker trucking companies.
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It was a fairly lengthy process to study the opportunities, work with the railroads, and develop a special container, explains Jason Howe, who moved from Schneider’s van truckload business several months ago to become senior vice president and general manager of Schneider’s Bulk division. “It operates very similar to our dry intermodal business,†he explained in an interview.
That square frame is really the box and it sits on the chassis. The crane comes just like an intermodal dry container, picks up that frame, and sets it in the well car on the train.†Schneider is currently operating about 400 of these containers, up from the 100 it started with back in 2012.
During the initial years of operating Bulk Intermodal containers, Schneider focused on building out its service and growing relationships with the rails. Then, in the first six months of 2014, capacity-crunched chemical shippers latched onto Schneider’s Bulk Intermodal offering, increasing the company’s volume by 75%. First-quarter 2018 results show that Bulk Intermodal volume continues to grow, increasing 13.5% year-over-year.
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The growth of the chemical industry also contributes to the demand. According to the American Chemistry Council, there are plans for 294 new production units for chemicals in the U.S. – representing $179 billion in new capital investment in the industry. “We would like to say we can apply this to almost all our existing product base across the chemical business,†Howe said, such as polymers, monomers, water treatment chemicals, and lubricants.
Unique to the 40-foot Schneider Bulk Intermodal containers, according to the company, is the ability to haul up to 45,600 pounds of specialty chemical and liquid payloads. Also, unlike the typical ISO bulk 20-foot containers, Schneider’s Bulk Intermodal containers: Have standard fittings for easy offloading Fit standard loading racks for safe service Give shippers the feel of a regular tank trailer for ease of use and consistency Schneider is hiring dray drivers dedicated to Bulk Intermodal at major ramps in all major bulk markets.
The intermodal business in general is more suited to that. It allows us to hire drivers who are interested in only that and also drivers in our existing business who may want to come off the road and drive local for a while.†Unlike intermodal containers, which are onloaded and offloaded by cranes at both ends of such a move, bulk intermodal containers require more interaction from drivers.
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“Loading and offloading is still fairly unique and specialized.†There are different training and hazardous materials requirements, knowing how to operate the pumps and compressors and hoses for loading and unloading, etc. “It’s all about finding the right candidate, the right driver who’s interested in doing the right kind of work,†Howe said.
We try to match the driver candidate in the best place they are going to be comfortable and able to succeed.†.
I am thinking about pulling tanks again, but as an owner operator this time. i have 7 years otr exp. and 1 year of tank experience as a company driver - major trucking companies. 6 years as an o/o with vans. I live near Erie PA and have my canadian passport on the way.
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I only run for %. bulk liquid transport.i have seen 60-70% but 1 of my questions is 60-70% of what?Who are the most profitable companies to lease onto? What are the most profitable lanes? There a lot of variables to the question that you have asked. You really have not given enough information to post a informed response.
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