Brokers are predicting a rise in both transactions and pricing in the company weeks in what is traditionally a seasonally strong period for the sector.
Rumours in the market had linked Teekay spin-off Tankers Investment Ltd (TIL) with four Arcadia suezmaxes, talk that has subsequently been cooled and denied.
“However there are several buyers out there for suezmaxes today and we expect some healthy levels to be seen in the coming weeks,” said Galbraith’s in its weekly report.
