According to Credit Suisse analyst Gregory Lewis, 2015 may end up being a year to remember for tanker investors. In a new report, Lewis discusses exactly why Credit Suisse is so bullish on several tanker names.
Now that Q2 has provided some additional clarity of the tanker business, Credit Suisse believes that the anticipated summer downturn will not be as pronounced as feared. Tanker prices continue to surprise to the upside, with current VLCC rates over $70k/d and product tanker rates in the upper $20k/d range.
While Credit Suisse is still anticipating some mild summer weakness, Lewis believes that the foundation has been built for a strong winter season.
Credit Suisse recently spoke…
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