BTIG has taken up coverage of four leading tanker stocks with a warning it will take time for the bottomed-out market to move back into balance.
Analyst Greg Lewis took a cautious short-term view on the tanker space, which will see product rates outperform crude in the medium term.
In an introductory report entitled "It takes time to turn a super tanker", Lewis argues a combination of high scrapping and slowing newbuilding delivered will assist the market.
