Leave the tanker orderbook to the private owners, Pareto Securities head of research Eirik Haavaldsen advised presenters at the firm’s Energy Conference on Thursday.

With the tanker market widely expected to be at the start of a major, multi-year upcycle, Haavaldsen encouraged the Oslo- and New York-listed tanker owners set to pitch investors following his address to spend on dividends to prolong the sector’s strength.