Norwegian investor Joakim Hannisdahl has some cheering news for tanker owners: winter is coming and may not end at all in 2024.
His Gersemi Asset Management shipping fund has gone back “all-in” on tanker exposure after selling down ahead of the latest Opec+ cut announcements, he explained.
Hannisdahl said the primary catalyst for increasing Gersemi’s tanker position was the rapid increase in VLCC spot rates.
