HSBC: Upswing is moving from container and dry bulk to tanker operators
After several years of losses, things are brightening for tanker operators, which, according to HSBC, are set to take over the ”baton” with high rates from container carriers and dry bulk operators. Several factors prompt tailwinds.
After a number of poor, loss-generating years, tanker operators have recently seen a regular upswing with progress in rates and operating income, and the golden days could even carry on for a longer time, according to HSBC.
Belgian shipping family Saverys acquires additional shares in Euronav and now only needs a small increase of its equity position to block a full merger between the tanker operator and rivaling company Frontline.