Fearnley Securities has resumed coverage of product tanker giant Hafnia with a buy rating ahead of a "supercycle" next year.
Analysts Espen Landmark Fjermestad, Peder Nicolai Jarlsby and Gustaf Amle said the company, newly merged with BW Tankers in a $2.3bn deal in January, has emerged as "the tier 1 product tanker play".
The target price is NOK 32 ($3.55)
