Tanker owners are set to see market headwinds turn to tailwinds with the value of steel on the water forecast to spike as the up-cycle unfolds, according to Fearnley Securities.
Analysts Espen Landmark Fjermestad and Peder Nicolai Jarlsby calculate asset values could climb by up to one fifth as rates head into a stronger period with the support of multiple factors, including IMO 2020.
