Crude tanker owners still are not saying when rates could turn up and appear increasingly open to a recovery further down the line.

Amid weak earnings and a resurgence in the Covid-19 pandemic, New York-listed crude tanker owners suggested that a recovery for the ailing sector could be further away than first expected.

“We are constructive on the markets, but we think the recovery could come a bit later than what most people suggest,” DHT Holdings co-chief executive Svein Moxnes Harfjeld said on the...