Norwegian shipping fund manager Gersemi Asset Management believes recent very public downgrades of tanker companies have accelerated a fall in share prices.

DNB Markets and Pareto Securities cut stock target prices for several tanker stocks last week.

Scorpio Tankers could surprise on rates with stock valuation weaker, Fearnley says
 Read more

Clarksons Securities downed rate forecasts for 2025 earlier on Monday, while Fearnley Securities has also cut a number of product tanker companies from “buy” to “hold”.