Stifel is tearing up its assumptions for a serious rates recovery in tankers – especially on the crude side – for the remainder of the year.
The move comes as the US investment bank says full recovery may be delayed into 2022 or 2023.
And while equity analyst Ben Nolan remains bullish on the prospects for dry bulk rates and stock valuations for the balance of the year, he suggests momentum in containerships may have peaked at current frothy levels with a downturn in the distant future.
