JP Morgan has trimmed expectations for 2019 tanker rates, while revising its outlook on some of the sector's players.
In a Wednesday morning note, analyst Noah Parquette rolled back his VLCC rate forecast from $25,500 per day to $23,000 and MR tanker rate forecast from $14,000 per day to $12,000, downgraded Scorpio Tankers and Tsakos Energy Navigation from overweight to neutral and upgraded Euronav to overweight.
