In a client briefing Nishant Mani of Deutsche Bank lifted his rating for the operator’s New York-quoted stock, which trades under the symbol “TNK”, from “underweight” to “neutral”.
The forecaster believes the current size of the orderbook, coupled with a sharp decline in crude prices that could catalyze stockpiling, should drive demand growth going forward.
“In fact, we project net demand growth of approximately 1% in 2014 and slight acceleration to 1.5%
