Tankers Product sector
8 covered companies
Dividend yields and the next payout set your own rates →
| Company | Yield | Last DPS | TTM | Next · our model | Company said | Fleet | |
|---|---|---|---|---|---|---|---|
| STST.OL Stainless Tankers | 12.3% | $0.135/q | $0.54/yr | $0.14 2026Q3 low | — | 6 Chemical 6 | |
| TRMD-A.CO TORM | 11.5% | $2.40/q | $4.42/yr | $1.53 2026Q3 medium | 73% booked | 97 MR 65 · LR2 22 · LR1 10 | |
| HAFNI.OL Hafnia | 11.0% | $0.5003/q | $1.1112/yr | $0.28 2026Q3 medium | 80% booked | 96 MR 48 · LR1 22 · Handy 20 · LR2 6 | |
| ASC Ardmore Shipping | 7.2% | $0.79/q | $1.37/yr | $0.46 2026Q3 low | 46% booked | 24 MR 18 · Chemical 6 | |
| STNG Scorpio Tankers | 2.2% | $0.45/q | $1.77/yr | $0.45 2026Q3 low | 81% booked | 74 MR 35 · LR2 25 · Handymax 14 | |
| DIS.MI d'Amico International Shipping | — | $0.27/half | $0.404/yr | no forecast · forward DPS | 64% booked | 28 MR 16 · LR1 6 · Handysize 6 | |
| CAPT.OL Capital Tankers | — | NOK 3.00/q | — | $0.33–0.43 2026Q3 low | 79% booked | 16 Suezmax 7 · Aframax 4 · LR2 4 · VLCC 1 | trailing twelve months incomplete |
| PXS Pyxis Tankers | — | pending | — | $0.00 2026Q3 | 100% booked | 6 MR 3 · Kamsarmax 2 · Ultramax 1 |
Ranked by trailing yield — the only figure comparable across companies, since a dividend in dollars depends on the share price behind it. Dividends declared in NOK or DKK are converted at the Norges Bank rate on the price date and chipped fx. Earnings bridges that do not reconcile to reported net income: STST.OL (ok), HAFNI.OL (ok), ASC (ok), STNG (ok), DIS.MI (reported figure missing), CAPT.OL (reported figure missing), PXS (insufficient data for an earnings bridge) — shown once here rather than on every row.
Fleet and cost base
| Company | Fleet | On order | Opex /day | G&A /day | Debt service /day | Cash break-even | Realized TCE | Margin |
|---|---|---|---|---|---|---|---|---|
| ASC | 24 | — | $8,605 | $2,627 | $946 | $16,141 cost lines | $38,073 2026Q2 | +$21,932 |
| CAPT.OL | 16 | — | $6,470 | $1,325 | $8,045 | $16,991 cost lines | $116,260 2026Q2 | +$99,269 |
| DIS.MI | 28 | — | $8,953 | $3,261 | $3,791 | $16,005 derived | $35,833 2026Q2 | +$19,828 |
| HAFNI.OL | 96 | — | — | — | — | $16,416 cost lines | $44,093 2026Q2 | +$27,677 |
| PXS | 6 | — | $6,850 | $2,221 | $6,049 | $15,120 derived | $21,899 2026Q2 | +$6,779 |
| STNG | 74 | — | $9,518 | $6,845 | $3,173 | $19,536 derived | $52,661 2026Q2 | +$33,125 |
| STST.OL | 6 | — | $7,246 | $1,268 | $10,314 | $18,829 derived | $21,029 2026Q2 | +$2,200 |
| TRMD-A.CO | 97 | 6 | — | — | — | not on file | $59,301 2026Q2 | — |
| Sector median | 26 n=8 | 6 n=1 | $7,926 n=6 | $2,424 n=6 | $4,920 n=6 | $16,416 n=7 | $41,083 n=8 | $21,932 n=7 |
Cash cost per vessel-day: operating cost, overhead, and interest plus scheduled debt repayment, each divided by the same quarter's vessel days (derived), or the figure the company prints itself (issuer). “Not on file” means an input is missing — hover for which — and the page will not assume it is zero. Margin is the latest realized TCE less the break-even. Fleet age, eco and scrubber share and loan-to-value are not shown: no source on file.
Booked coverage
| Company | Class | Booked | At | Still open | Quarter | Said on |
|---|---|---|---|---|---|---|
| ASC | Chemical | 50% | $25,000 | 50% | 2026Q3 | 2026-07-29 |
| MR | 45% | $29,600 | 55% | 2026Q3 | 2026-07-29 | |
| CAPT.OL | Aframax | 82% | $105,765 | 18% | 2026Q3 | 2026-09-01 |
| Suezmax | 71% | $130,239 | 29% | 2026Q3 | 2026-09-01 | |
| VLCC | 100% | $97,450 | 0% | 2026Q3 | 2026-09-01 | |
| DIS.MI | Fleet | 64% | $23,646 | 36% | 2026Q3 carried | 2026-06-30 |
| HAFNI.OL | Fleet | 53% | $28,917 | 47% | 2026H2 | 2026-08-28 |
| PXS | MR | 100% | $22,000 | 0% | 2026Q3 | 2026-08-31 |
| STNG | Handymax | 7% | $23,000 | 93% | 2026Q4 carried | 2026-09-03 |
| LR2 | 39% | $30,800 | 61% | 2026Q4 carried | 2026-09-03 | |
| MR | 6% | $20,654 | 94% | 2026Q4 carried | 2026-09-03 | |
| TRMD-A.CO | LR1 | 61% | $32,608 | 39% | 2026Q3 | 2026-08-18 |
| LR2 | 83% | $49,255 | 17% | 2026Q3 | 2026-08-18 | |
| MR | 71% | $35,247 | 29% | 2026Q3 | 2026-08-18 |
The share of days each company has already fixed and the rate it fixed them at, as it said itself — this quarter where it has spoken, else the quarter just closed. 1 of 8 companies have printed no booking for either.
Valuation
| Company | Price | Market cap | Net income, last 4Q | P/E | Earnings yield | Dividend yield |
|---|---|---|---|---|---|---|
| ASC | $18.93 2026-10-16 | $771m | $109.3m to 2026Q2 | 7.1× | 14.1% | 7.2% |
| CAPT.OL | $20.38 2026-10-19 | $2,725m | — | — | — | — |
| DIS.MI | — | — | $129.3m to 2026Q2 | — | — | — |
| HAFNI.OL | $10.08 2026-10-19 | $5,396m | $658.7m to 2026Q2 | 8.2× | 12.2% | 11.0% |
| PXS | $7.50 2026-10-16 | $78m | — | — | — | — |
| STNG | $81.45 2026-10-16 | $4,216m | $816.4m to 2026Q2 | 5.2× | 19.2% | 2.2% |
| STST.OL | $4.39 2026-10-19 | — | $2.4m to 2026Q2 | — | — | 12.3% |
| TRMD-A.CO | $38.33 2026-10-19 | $3,884m | — | — | — | 11.5% |
| Sector median | $3,304m n=6 | 7.1× n=3 | 11.0% n=5 |
Market cap is the latest USD close times the latest filed share count. P/E is trailing: the four most recent consecutive reported quarters, shown only when all four are on file and in USD. Price-to-NAV and EV/EBITDA are not shown — vessel values and net debt are not on file, and broker vessel values are licensed.
Rate context
This sector's rate series are licensed: the model uses them, and they are not republished here.
Realized vs benchmark
| Company | Realized fleet TCE | Benchmark (the row's own quarter) | Realization (4Q) | As of |
|---|---|---|---|---|
| ASC | 38,073 | 43,519 derived | — | 2026Q2 |
| CAPT.OL | 116,260 | 144,079 derived | — | 2026Q2 |
| DIS.MI | 35,833 | 62,459 derived | — | 2026Q2 |
| HAFNI.OL | 44,093 | 71,561 derived | — | 2026Q2 |
| PXS | 21,899 | 43,519 derived | — | 2026Q2 |
| STNG | 52,661 | 85,419 derived | — | 2026Q2 |
| STST.OL | 21,029 | — | — | 2026Q2 |
| TRMD-A.CO | 59,301 | — | — | 2026Q2 |
Issuer-printed fleet TCE ÷ benchmark over trailing four quarters. Benchmarks are the printed peer figure where one exists, else derived from Gibson class rates weighted by the company's fleet mix, priced for the same quarter the realized figure covers (5.10: the column no longer reads this month's rate beside a 2026Q2 realized TCE). Index-linked players target >1.0×; spot players track the benchmark.