Great Quarter For Tankers Coincides With Stock-Market Rout Pity the public tanker owners. After years of suffering through terrible freight markets, they finally have a breakout quarter to boast about — and just as they do so, the broader stock market is crashing around them on coronavirus fears. "It has actually felt like a bit of a horror movie at times, to be honest," said Frontline (NYSE: FRO ) CEO Robert Macleod during a conference call with analysts on Thursday. "It seems that the world is getting one shock after another but surely there must be some good news soon." Two of the largest publicly listed tanker owners have just reported results for the fourth quarter of 2019 — Frontline and Teekay Tankers (NYSE: TNK ). Frontline announced "its highest quarterly income in more than 11 years." Teekay Tankers CEO Kevin Mackay touted "one of the most profitable quarters since the end of the tanker-market super cycle in 2009." Despite this outperformance, shares of Frontline and Teekay Tankers are down around 45% and 38%, respectively, year to date (on a positive note, shares of both companies were up at midday on Thursday, Teekay Tankers in particular on strong forward guidance).