Jefferies expects outsized tanker earnings

JEFFERIES is raising its rate estimates given the view that tanker markets will remain tight amid trade flow disruptions due to the nearing sanctions on Russian oil and refined products.

“We are raising our estimates and price targets across our tanker coverage universe as the sector’s earnings power has strengthened materially,” equity analyst at the US investment bank Omar Nokta said, adding that all segments are “positioned for outsized earnings”.

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