Jefferies is expecting the crude tanker market to stay strong into 2017 but its outlook for bulker owners is decidedly less cheery.
While tanker owners will continue to rack up profits though the next two years, all six bulker owners covered by the bank’s shipping research team will remain rooted in the red.
In a report issued ahead of the fourth quarter results season, Jefferies analysts led by Doug Mavrinac inched up their VLCC rates view for 2016 and introduced a strong forecast for 2017.
