Analysts at the finance house believe the improving tanker market will also host further merger and acquisition activity, with 2015 branded the “year of consolidation”.
The team led by Eirik Haavaldsen raised its rate projections amid suggestions between 20 and 30 VLCCs could be locked into storage deals as traders look to exploit contango in the oil price.
In an update on the tanker market, Pareto said floating storage was changing 2015 from being promising to very good.
“While
