Further tanker consolidation is likely, Clarksons Research predicts in its latest weekly report.
With 2017 marking a year of massive merger and acquisition activity for the tanker sector, the fundamentals of the segment still lend themselves to more deals being hatched, the British research outfit maintains.
“Publicly traded companies continue to look for consolidation opportunities as the tanker markets remain under pressure and pricing appears attractive,” Clarksons Research reported, adding: “It remains to be seen what the ownership landscape will look like in 2018, but chances are we can expect some changes.”
Clarksons went on to note that it is seeing a “slow trickle” of more modern tankers coming to market in recent days with mounting interest among buyers although it had no confirmed sales to report.
