By acquiring a 10% stake in TankerInvestment Ltd (TIL), Jonathan Chappell of Evercore Partners believes NewYork-listed TNK will be able to cash in on an upturn in the tanker market withoutdamaging liquidity.
“The recent impressive gainsin the crude tanker spot rate environment, though partially seasonal, havehighlighted that the multi-year trough market is likely a thing of the past,”he told investors.
“Although we view currentlevels as unsustainable, we have been forecasting a year-over-year increase inspot rates for 2014 and believe that the outlook for next year appears evenmore favourable.”
Since
