B Riley FBR's Liam Burke is tempering his expectations for the tanker market ahead of the fourth-quarter earnings barrage.
In a note published on Wednesday, Burke echoed the widely held sentiment that both crude and product tankers would see improvement this year — but not until the second half.
In the meantime, the final three months of 2020 saw depressed rates, which Burke revised down for the companies — Diamond S Shipping, Nordic American Tankers (NAT), International Seaways and Scorpio Tankers — in his coverage universe.
