Shipping companies at Pareto Securities’ annual energy conference in Oslo delivered a bright outlook for the winter and next year, despite uncertainty over growth in China.

Pareto shipping analysts Eirik Haavaldsen and August Klemp said: “We believe the tone among both presenting companies and investors was a notch more positive than we expected, given a more uncertain macro-environment — with positive seasonality ahead and a rapidly ageing fleet across most segments highlighted.”