UK shipbroker Braemar is predicting much more action in tanker sale-and-purchase and chartering arenas in coming months.

The sector weakened during the London-listed company’s financial year that ended on 28 February, as successive waves of coronavirus-related restrictions reduced global oil demand, particularly for diesel and jet fuel.

However, despite this, Braemar achieved fixture growth that was a fifth better than the preceding 12 months.