Scorpio Tankers takes stake in eight VLCC newbuilds and adds LR2 pair
Additional tanker newbuilds expand future crude and product shipping capacity.
Source →The trace
How it reaches your house.
Starting from Frontline plc, we walked the supply graph hop by hop to the goods you buy and the companies you own. Each step is the engine’s reasoning, scored for confidence and cited where a source backs it.
First impact
Marine Diesel and Bunker Fuel →Stands to benefitWorld Kinect Corporation (World Fuel Services)WKC
More VLCC and LR2 tonnage should lift future marine-fuel demand, and World Kinect's 12% supply share makes it a plausible beneficiary.
51% confidenceMarine Diesel and Bunker Fuel →Stands to benefitPeninsula Petroleum's 8% marine-fuel supply share should capture some of the added bunker demand from the expanding tanker fleet.
50% confidenceMarine Diesel and Bunker Fuel →Stands to benefitChina is the largest listed supply-share origin at 22%, so it is the strongest country-level beneficiary of higher future bunker-fuel demand.
49% confidenceHop 2
Peninsula Petroleum Ltd. →Prices riseMore tanker newbuilds should increase future bunker-fuel consumption and support prices for marine diesel and bunker fuel, but Peninsula’s 8% share and high substitutability limit the transmission strength.
56% confidenceChina →Stands to benefitBecause substantially all of its third-party suppliers and manufacturers are in China, more tanker/shipping capacity around China can ease logistics and reduce delays for its supply chain.
55% confidenceChina →Stands to benefitHop 3
ROSS STORES, INC. →Stands to benefitRoss Stores is a significant customer of G-III, with sales to Ross accounting for 11.0% of G-III net sales, so a shipping-cost/availability tailwind to Ross can lift G-III’s sales.
57% confidencee.l.f. Beauty, Inc. →supply upTarget is a major customer at 18% of net sales, so easier ocean shipping can improve e.l.f. Beauty's ability to replenish product into this channel.
36% confidencee.l.f. Beauty, Inc. →supply up