Fearnley Securities is tipping VLCC stocks to outperform in 2025, with DHT, Frontline and Okeanis Eco Tankers stocks as its top picks.
“All of these names are implicitly pricing in a VLCC equivalent index rate in the mid $40,000 a day, which is below current spot and time-charter rates,” the Norwegian investment bank’s equity research analyst Fredrik Dybwad said.
