“Yea, though I walk through the valley of the shadow of death, I will fear no evil …” begins a psalm that might comfort today’s crude-tanker investors. Crude tankers have been condemned to an extended stay in “spot-rate hell,” lamented Stifel analyst Ben Nolan in his latest quarterly outlook. He wrote that the sector is …
The post Crude tankers stuck in ‘rate hell’ but floating-storage pain wanes first appeared on Hellenic Shipping News Worldwide.