The tanker recovery is well underway, Barry Rogliano Salles (BRS Group) believes, but the broker cautioned that bunker prices will continue to drag on earnings.
The French outfit said the new trading patterns following Russia's invasion of Ukraine in February have mostly settled raising tonne mile demand with aframaxes, suezmaxes and MR2s leading the way.
Even despite poor performance from VLCCs and tanker demand lagging, BRS Group said the recovery was for real.
