Ardmore Shipping leads tanker stocks lower as Stifel downgrades, seeing softer rates

seekingalpha

2024-10-24

Dikuch/iStock via Getty Images

Ardmore Shipping (NYSE:ASC) -6.9%, International Seaways (INSW) -6%, and Scorpio Tankers (STNG) -5.2% in Wednesday's trading as Stifel downgrades the tanker stocks to Hold from Buy, anticipating softer tanker rates and asset values in 2025.

China is a major driver for future demand in

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China is a major driver for future demand in","collect":0,"end_time":0,"defaultTopTitle":"seekingalpha.com","property":["rate"],"viewcount":null,"language":"en","relate_stocks":{},"translate_title":"随着Stifel评级下调，费率走软，阿德莫尔航运(Ardmore Shipping)导致油轮股走低","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ASC":1,"SF":1},"content_text":"Dikuch/iStock via Getty Images Ardmore Shipping (NYSE:ASC) -6.9%, International Seaways (INSW) -6%, and Scorpio Tankers (STNG) -5.2% in Wednesday's trading as Stifel downgrades the tanker stocks to Hold from Buy, anticipating softer tanker rates and asset values in 2025. China is a major driver for future demand in","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"code":"91000000","status":"200"}}}