DonaldBogden, an analyst at Connecticut-based brokerage MJLF, says the sector facesstructural challenges but believes positive developments that have gone widely unnoticed by many industry observers arestarting to materialise.
“Our near term rate outlook for the suezmaxsegment remains neutral as oversupply issues are likely to persist through 2013and early 2014,” the analyst wrote in a recent report.
“However,it is important to highlight overall suezmax spot market ton mile demand isexpanding, driven by growth in emerging economies and non-traditional suezmaxtrade patterns.
