Better times await both tanker and bulker owners during the next couple of years, according to Jefferies.
Analyst Doug Mavrinac is charting for crude and dry cargo rates to climb later this year before improving further into 2018.
In the latest edition of Jefferies Shipping Quarterly, Mavrinac explains OPEC production cuts have squeezed the tanker market this year, decreasing monthly fixtures to 148 in the second quarter from 160 in the opening three months of the year.
