The outlook for tanker rates was already dicey. After the worst year in three decades in 2021 and a terrible start to 2022, analysts have just cut their rate forecasts and pushed back their recovery timelines, yet again.
As one tanker owner told brokerage Fearnleys, “The light at the end of the tunnel has been visible for quite some time, but right now it feels more like that’s a truck coming toward you.”
Jefferies
Jefferies analyst Randy Giveans cut his tanker rate estimates on Wednesday, the...
https://www.freightwaves.com/news/how-low-can-tankers-go-analysts-slash-rate-forecasts-again