According to Benjamin Nolan, an equity analyst at Stifel, Navios Maritime Acquisition is confident that a seasonal rebound is going to materialise in the fourth quarter.
Citing a recent meeting with management the Chicago-based researcher said the New York-quoted owner believes rates will rise in both the crude and product tanker sectors.
“The company believes that as seasonal oil demand grows, both the crude and product tanker markets are likely to experience a strong seasonal rally into Q1 2015,” he wrote in a client briefing.
“Management
