Not even a prolonged Russia-Ukraine war can derail the coming tanker “golden age”, Barry Rogliano Salles (BRS Group) said.
The French broker said tanker earnings will be impacted should the conflict stretch beyond 2025, but it did not expect rates to crater as the forecasted multi-year improvement is driven by fundamental factors.
“It should be noted that the anticipated ‘golden age’ for crude tanker earnings is not significantly affected as this will be being largely driven by fleet-side and macro factors rather than by Russia,” BRS Group said in a note published on Tuesday.
