DSSI - Shipping Outlook 2020 - Part 2 Of 6: Focus Crude Tankers
Note: This report was originally published December 28th on Value Investor's Edge, a Seeking Alpha subscription service.
Previous Report
Part 1 of this series covered the Dry Bulk segment and can be found here.
Overview
In the summer of 2018, I opined that spring/summer of that year would mark the low point for the current crude tanker cycle. This turned out to be correct, and the market has been showing improvement since with more pronounced turns upwards as of late.
Source: VesselsValue
This isn't a fluke. As I have noted in the past,