Wells Fargo Securities’ Michael Webber said that while crudetankers have typically enjoyed a Suez risk premium as a result of instabilityin Egypt, it would also be a catalyst for the LNG and products sectors, wheretrade dynamics have made the canal more important.
“We believe LNG carrier rates and product tanker rates aremuch more likely to see significant upside potential should the canal closecompared to past cycles,” he said in a note to clients.
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