Odfjell has been upgraded to “buy” by Norwegian broker Norne Securities, which foresees record earnings for the second quarter.
The first quarter was a record for the Bergen-based chemical tanker owner, driven by strong markets, according to Norne.
“Nevertheless, these records should be broken in the second quarter already, as the company guided a further increase in chemical tanker space, while terminals are always very steady,” analyst Mindaugas Cekanavicius said in a note on Tuesday.
