Breakfast Technical Briefing on Shipping Stocks -- Scorpio Tankers, Teekay, Safe Bulkers, and Ship Finance

NEW YORK, August 24, 2017 /PRNewswire/ --

If you want a Stock Review on STNG, TK, SB, or SFL then come over to and sign up for your free customized report. The international Shipping industry is responsible for the carriage of around 90% of world trade, according to ICS. There are roughly 50,000 merchant ships registered in over 150 nations manned by over a million seafarers generating over a half trillion dollars per year in freight rates. Ahead of today's trading session, covers the following equities: Scorpio Tankers Inc. (NYSE: STNG), Teekay Corp. (NYSE: TK), Safe Bulkers Inc. (NYSE: SB), and Ship Finance International Ltd (NYSE: SFL). Daily Stock Tracker published free research reports on these stocks today at:

Scorpio Tankers 

Monaco-based Scorpio Tankers Inc.'s shares gained 1.17%, closing Wednesday's trading session at $3.45. The stock recorded a trading volume of 1.45 million shares. Shares of the Company are trading 6.89% below their 50-day moving average. Additionally, shares of Scorpio Tankers, which together with its subsidiaries, engages in the seaborne transportation of refined petroleum products worldwide, have a Relative Strength Index (RSI) of 43.63.  

On August 14th, 2017, Scorpio Tankers announced that the Company will release its Q2 2017 earnings before the market open on September 18th, 2017, as a result of the pending merger with Navig8 Product Tankers Inc. The Company will also host a conference call that same day. Conference call details will be sent out on a later date. See our free and comprehensive research report on STNG at:


On Wednesday, shares in Hamilton, Bermuda-based Teekay Corp. recorded a trading volume of 693,838 shares. The stock rose 2.93%, ending the day at $9.12. The Company's shares have advanced 5.43% in the past month, 44.99% in the previous three months, and 13.57% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 16.91% and 9.24%, respectively. Furthermore, shares of Teekay, which provides crude oil and gas marine transportation; offshore oil production; and storage and offloading services in Bermuda and internationally, have an RSI of 55.28.  

On August 03rd, 2017, Teekay reported Q2 2017 results. Consolidated GAAP net loss was $80.2 million, or $0.93 per share, and consolidated adjusted net loss was $38.1 million, or $0.44 per share, in Q2 2017. For the quarter, GAAP consolidated income from vessel operations was $48.3 million and consolidated total cash flow from vessel operations was $254.5 million. TK free research report is just a click away at:

Safe Bulkers 

Monaco-based Safe Bulkers Inc.'s stock finished the day 1.05% higher at $2.88 with a total trading volume of 503,423 shares. The Company's shares have advanced 9.51% in the last one month, 35.21% in the previous three months, and 150.43% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 14.39% and 51.01%, respectively. Additionally, shares of Safe Bulkers, which provides marine drybulk transportation services worldwide, have an RSI of 61.42.  

On July 26th, 2017, Safe Bulkers announced its unaudited financial results for the three and six months ended June 30th, 2017. For Q2 2017, net revenue was $35.0 million; net loss was $1.6 million; and EBITDA was $17.0 million. For the first half of 2017, net revenues were $68.3 million; net loss was $4.9 million; and EBITDA was $32.3 million.

On August 21st, 2017, research firm Maxim Group initiated a 'Buy' rating on the Company's stock, with a target price of $5 per share. Sign up for your complimentary report on SB at:

Ship Finance 

Shares in Hamilton, Bermuda-based Ship Finance International Ltd ended yesterday's session 1.85% higher at $13.75. The stock recorded a trading volume of 456,238 shares. The Company's shares have advanced 1.48% in the last one month and 1.85% over the previous three months. The stock is trading 3.25% above its 50-day moving average. Moreover, shares of the Company, which owns and operates vessels and offshore related assets primarily in Bermuda, Cyprus, Malta, Liberia, Norway, the UK, and the Marshall Islands, have an RSI of 58.62.  

On August 14th, 2017, Ship Finance International announced that its 2017 Annual General Meeting will be held on September 22nd, 2017. A copy of the Notice of Annual General Meeting and associated information, including the Company's Annual Report on Form 20-F, can be found on its website. Register for free on and download the latest research report on SFL at:


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