Shares of tanker owners stayed on a relatively even keel on Monday as news of the new Covid-19 variant Omicron continued to dominate headlines.

South Africa reported the new strain's emergence to the World Health Organisation on Wednesday, causing New York shipping shares to tumble on Friday.

Tanker stocks remained stable on Monday for the most part, despite news reports of countries instituting travel bans to prevent the variant from spreading.

The risk of that happening, however, is causing anxiety in the tanker sector that could eventually lead to sell-offs, Jefferiers analyst Randy Giveans said.