Fearnley Securities is backing tanker shares to take off again after a sell-off caused by the coronavirus.

Analysts Espen Landmark Fjermestad and Peder Nicolai Jarlsby called the Chinese outbreak a "black swan", referring to an unexpected event that causes a major impact in markets.

Stocks have fallen 30% so far this year, but the analysts said: "With rates seemingly finding a floor and first quarter results representing another bumper quarter earnings-wise we see the potential for a sharp repricing."

They have a buy rating on the whole sector.