Three months ago, tanker owners hoped for a quick rebound and talked up fleet expansion via consolidation. There’s little talk of growth today. And a growing number of executives and analysts fear the typically strong winter season will be a bust.
Tanker stocks were up Monday on the Moderna vaccine news, just as they were a week before on the Pfizer vaccine news. Yet beyond such sentiment bumps — which Evercore ISI analyst Jon Chappell characterized as “likely a mix of short covering and...
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