Eight months after first calling a rebound in trough tanker markets that he now admits was “far” too early, Evercore ISI analyst Jonathan Chappell has insisted that the fundamentals are still intact for that rebound to materialise.
It just may take a while, as the veteran researcher has revised 2022 earnings estimates on the eight tanker stocks under his coverage to project all losing money, except for Danish product tanker owner Torm, which should squeeze out a $0.06
