ShippingWatch

Deutsche Bank: Weak tanker growth could spark a shopping spree

Lower tanker rates in the otherwise lucrative market will likely result in weaker results for a number of major players in the second quarter. However, the disappointing results could inspire investments in the sector.

Photo: Ardmore

While most shipping markets have not had much to celebrate recently, the market for the transport of oil products and crude oil has been booming in the past many months.

This is still the case in spite of a coming wave of newbuildings which looks set to dampen the otherwise record-high rates. And this rate trend leads Deutsche Bank point to a reverse trend among a number of significant listed players in the sector.

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