Well, he did say "just a little further".
Only three weeks after issuing a sobering note counselling caution over the pace of a tanker market recovery, veteran Evercore ISI analyst Jonathan Chappell has upgraded the entire sector on the strength of rising net asset values (NAVs).
Just as his previous tanker outlook had proclaimed, "Are we there yet? Just a little further," the title of Chappell's new take embodies the changed outlook.
