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Tankers may be heading for 'never-ending' winter market next year, Joakim Hannisdahl says - TradeWinds

TradeWinds · last updated

Tankers may be heading for ‘never-ending’ winter market next year, Joakim Hannisdahl says | TradeWinds

Norwegian investor Joakim Hannisdahl has some cheering news for tanker owners: winter is coming and may not end at all in 2024.

His Gersemi Asset Management shipping fund has gone back “all-in” on tanker exposure after selling down ahead of the latest Opec+ cut announcements, he explained.

Hannisdahl said the primary catalyst for increasing Gersemi’s tanker position was the rapid increase in VLCC spot rates.

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