Owners must be smart to negotiate 'disastrous' negative tanker markets. Analysts, brokers and owner | FRO Message Board Posts

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Msg  12856 of 12899  at  1/20/2021 12:58:50 PM  by

riverwalk


 In response to msg 12855 by  delt1970
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Re: Owners must be smart to negotiate 'disastrous' negative tanker markets. Analysts, brokers and owners say savvy trading is required, with prospects bleak in the short term

Remember the ridicule of Hannisdahl back in April when I posted his bearish outlook?

It's just as bleak going forward....



"Joakim Hannisdahl is head of research at Cleaves Securities. Photo: G Morty Ortega/Marine Money
He forecasts the current weak market persisting until around October.

“Maybe a few thousand dollars a day higher on average, but barely covering opex [operating expenses],” he said.

Hannisdahl has not changed his view since downgrading the tanker segment in April last year."


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