The tanker market this year and next is beginning to look like a choose-your-own-adventure novel, according to Evercore analyst Jonathan Chappell.
The industry veteran expects rates across the segment to slip this year and next as the upcycle unwinds — but is ultimately advising investors to be nimble when making their decisions as geopolitics continues to wreak havoc.
“We believe the sector is at a crossroads,” Chappell said in his annual forecast.
