Stolt-Nielsen’s share price could benefit from events in the Red Sea, according to DNB.
The bank said the “record-high rates could last” for the Oslo-listed company’s chemical tankers.
“We believe record-high chemical rates, [about] 75% above the 10-year average and supported by a low orderbook at [about] 8% of the fleet, could establish a new normal for rates,” DNB analyst Jorgen Lian said in a note.
