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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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nArdmore Shipping leads tanker stocks lower as Stifel downgrades, seeing softer rates\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">seekingalpha</strong><span class=\"h-time small\">2024-10-24 02:57</span>\n</p>\n</h4>\n</header>\n<article>\n<html><body><figure> <picture> <img height=\"3184px\" sizes=\"(max-width: 768px) calc(100vw - 36px), (max-width: 1024px) calc(100vw - 132px), (max-width: 1200px) calc(66.6vw - 72px), 600px\" src=\"https://static.seekingalpha.com/cdn/s3/uploads/getty_images/474078236/image_474078236.jpg?io=getty-c-w750\" srcset=\"https://static.seekingalpha.com/cdn/s3/uploads/getty_images/474078236/image_474078236.jpg?io=getty-c-w1536 1536w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/474078236/image_474078236.jpg?io=getty-c-w1280 1280w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/474078236/image_474078236.jpg?io=getty-c-w1080 1080w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/474078236/image_474078236.jpg?io=getty-c-w750 750w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/474078236/image_474078236.jpg?io=getty-c-w640 640w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/474078236/image_474078236.jpg?io=getty-c-w480 480w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/474078236/image_474078236.jpg?io=getty-c-w320 320w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/474078236/image_474078236.jpg?io=getty-c-w240 240w\" width=\"4807px\"/> </picture> <figcaption><p>Dikuch/iStock via Getty Images</p></figcaption> </figure><p>Ardmore Shipping (<span>NYSE:ASC</span>) <span>-6.9%</span>, International Seaways (INSW) <span>-6%</span>, and <a href=\"https://laohu8.com/S/STNG\">Scorpio Tankers</a> (STNG) <span>-5.2%</span> in Wednesday's trading as Stifel downgrades the tanker stocks to Hold from Buy, anticipating softer tanker rates and asset values in 2025.</p> <div></div><p>China is a major driver for future demand in</p></body></html>\n<div class=\"bt-text\">\n\n\n<p> 來源：<a href=\"https://seekingalpha.com/news/4196816-ardmore-shipping-leads-tanker-stocks-lower-as-stifel-downgrades-seeing-softer-rates\">seekingalpha</a></p>\n<p>為提升您的閱讀體驗，我們對本頁面進行了排版優化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":"https://seekingalpha.com/news/4196816-ardmore-shipping-leads-tanker-stocks-lower-as-stifel-downgrades-seeing-softer-rates","article_id":"2477756824","we_media_id":null,"thumbnails":["https://static.seekingalpha.com/cdn/s3/uploads/getty_images/474078236/image_474078236.jpg?io=getty-c-w750"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2477756824","pubTimestamp":1729709876,"columns":[],"sourceInfo":{"source_id":"seekingalpha_trending_news","name":"Seeking Alpha Trending News"},"weMediaInfo":null,"summary":"Dikuch/iStock via Getty Images Ardmore Shipping  -6.9%, International Seaways  -6%, and Scorpio Tankers  -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","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"}}}