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Analyst expects strain on earnings for Frontline, Hunter and Nordic American Tankers

With new coronavirus lockdowns and output cuts at OPEC+, the next six months could take a toll on tanker operators' earnings. This applies to Frontline, Hunter Group and Nordic American Tankers, Cleaves Securities tells E24.

Photo: Cleaves, Harald Fonahn 2019

The next six months could be challenging in terms of earnings for major players in the tanker market such as Frontline, Hunter Group and Nordic American Tankers, Norwegian investment bank Cleaves Securities tells E24.

New coronavirus lockdowns of economies and recently decided production cuts at OPEC+ will put pressure on earnings among tanker operators, who for the next six months should expect to transport less oil and refined products, projects Cleaves Securities.

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