Fearnley Securities has upgraded the product tanker market amid the belief the wider tanker sector is heading for an inflection point in the fourth quarter this year.
Analysts Espen Landmark, Fjermestad Peder and Nicolai Jarlsby raised the product tanker market to "buy" and took up coverage of Hafnia Tankers at the same level, suggesting its merger with BW Tankers will create a new force in the space.
