New York-listed tanker stocks logged solid gains across the board in the first hour of trading today as investors reacted to suspected attacks on two tankers in the Gulf of Oman.
Frontline Ltd repeated earlier gains in European trading, jumping nearly 12% to $8.08. It owns one of the tankers damaged earlier.
Herbjorn Hansson's suezmax pure play Nordic American Tankers followed with a rise of nearly 9% to $2.22.
