Frontline, DHT, Nordic American Tankers, Navios Maritime Acquisition and Teekay Tankers will all report black numbers in the three months to the end of 2014, analyst Jonathan Chappell predicts.
“The late-2013/early-2014 spot rate spike has shown that the market may be tighter than the below-breakeven rates of 2012/13 suggest and that the seeds for a more sustainable recovery have been planted,” he said in a report today.
