NEW YORK, NY--(Marketwired - Jan 20, 2016) - Capital Link Shipping announces that the Senior Management of:
Euronav NV (
will participate in a Webinar Panel discussion on the Tanker Shipping sector on Tuesday, January 26 th , 2016 at 11:00 am EST (4:00 pm London, 5:00 pm Paris, 11:00 pm Hong Kong). The panel discussion will focus mainly on the trends, developments and outlook of the crude oil tanker shipping sector.
The discussion will be moderated by Mr. Michael Webber, Senior Analyst, Director Shipping, Equipment Leasing & Marine MLPs Equity Research at Wells Fargo Securities, LLC
The Tanker Shipping Forum Webinar is organized by Capital Link, a New York-based Investor Relations and Financial Communications firm with strategic focus on shipping.
ACCESS TO THE DISCUSSION The panel discussion can be accessed only through a live audio webcast at www.CapitalLinkWebinars.com or at Capital Link's Shipping Website www.CapitalLinkShipping.com .
Alternatively, participants can click on the link below or copy and paste it in your browser to gain direct access to the webinar: http://webinars.capitallink.com/2016/tanker/
Participants to the live webcast should register on the website approximately ten minutes prior to the start of the webcast. Please go to the above indicate websites to register and access the event.
After the event, the panel discussion will remain archived and accessible upon demand through the same websites indicated above.
PANEL STRUCTURE - TOPICS TO BE COVERED The focus of the discussion (and the Q&A) will be only on sector trends and fundamentals, and not on company specifics or company recommendations. The discussion will cover mainly four topics:
- the development of the global crude oil market and the effect of lower oil prices on tanker shipping;
- tanker demand and supply;
- freight rates and asset values;
- valuations, focusing on current trends and the sector's outlook.
The discussion will focus primarily on the crude oil shipping sector.
QUESTIONS FROM PARTICIPANTS Participants can submit questions to the panelists prior to or during the event through the special feature on the event page, or they can email them to us at questions@CapitalLinkWebinars.com .
TRANSCRIPT A transcript of the panel discussion will be publicly available at no cost within approximately 48 hours after the event and those interested can request it when they register for the event or afterwards through the event page at websites indicated.
ABOUT TANKER SHIPPING: A principal function of the tanker sector is to transport crude oil from oil production and export facilities to oil terminals, storage facilities, pipeline systems and oil refineries internationally (Crude Oil Tankers). In addition, tankers are also involved in the carriage of refined petroleum products, such as gasoline, diesel, jet fuel and naphtha, from refineries to storage and distribution systems, industrial plants and other consumers (Product Tankers). Tankers generally are a more cost-effective alternative to pipelines and their advantages increase over distance. Pipelines are also considered to be more vulnerable to political instability, sabotage, economic blockade and the risk of environmental disaster.
There are two principal types of providers of international seaborne transportation services for crude oil and refined petroleum products: independent shipowners and end users, such as oil, energy, petrochemical and trading companies (both private and state-owned). Tonnage controlled by end users is primarily chartered from independent shipowners under short-term spot market contracts and long-term time charters, with the balance being directly owned. The prices for transporting crude oil and refined petroleum products, which are referred to as tanker charter rates, are set in highly competitive markets in which both independent and end-user tonnage participate.
Vessels in the tanker fleet can be divided into categories based on their size in deadweight tons, or dwt, which is a vessel's capacity for cargo, fuel, oil, stores and crew measured in metric tons (1,000 kilograms). The following are the main categories of tankers based on dwt: (1) Very Large Crude Carriers (VLCCs) -- tankers with capacity of 200,000 dwt and over; (2) Suezmax tankers -- tankers with capacity ranging from 120,000 to 200,000 dwt; (3) Aframax tankers -- tankers with capacity ranging from 80,000 to 120,000 dwt; (4) Panamax tankers -- tankers with capacity ranging from 60,000 to 80,000 dwt; (5) Medium Range tankers (MR) -- tankers with capacity ranging from 25,000 to 60,000 dwt, and (6) Small tankers -- tankers with capacity up to 26,999 dwt. A 300,000 dwt tanker can carry 2 million barrels of crude oil, while a Suezmax can carry about 1million barrels and an Aframax between up to about 800,000 barrels.
Tankers that transport refined petroleum products are referred to as products tankers. Products tankers generally range in size from 10,000 to 80,000 dwt, although there are some larger products tankers designed for niche long-haul trades, such as from the Middle East to Japan, Korea and South East Asia. Products tankers generally have cargo-handling systems that are designed to transport several different grades of refined petroleum products simultaneously. These systems include coated cargo tanks that facilitate cleaning between voyages involving different cargoes.
Ice Class tankers are vessels that have been constructed (in compliance with Finnish-Swedish Ice Class Rules) with strengthened hulls, a sufficient level of propulsive power for transit through ice-covered routes and specialized machinery and equipment for cold climates.
ABOUT EURONAV (
ABOUT FRONTLINE LTD. (
ABOUT TSAKOS ENERGY NAVIGATION (
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.
CONTACT FOR CAPITAL LINK SHIPPING: Nicolas Bornozis President Capital Link, Inc. 230 Park Avenue Suite 1536 New York, N.Y. 10169 Tel. (212) 661-7566 Fax (212) 661-7526 E-mail: shippingforum@capitallink.com Event Website: http://www.capitallinkwebinars.com Shipping Portal: http://www.capitallinkshipping.com Corporate Website: http://www.capitallink.com