Tanker stocks fall as Strait of Hormuz traffic increases

Shares of oil and gas shipping companies declined Friday as vessel traffic through the Strait of Hormuz increased, easing a bottleneck that had elevated freight rates. Frontline fell 8%, while Ardmore Shipping dropped 9%. Dorian LPG and Scorpio Tankers each declined 5%, SFL Corporation slid 4%, and Nordic American Tankers fell 2.7%. Dry bulk shippers ...

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