Avery Schumer
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Avery Schumer in Sector Report,

Morgan Stanley Highlights A Cyclical Downturn In Tankers

Fotis Giannakoulis, a tanker expert that covers the sector for Morgan Stanley, isn't particularly positive on the sector and thinks a cyclical downturn could last through 2018.

Giannakoulis said in a research note on Thursday that there are four reasons to support his views of weak crude tanker fundamentals persisting through 2018:

    1. A slowdown in crude production.
    2. Lower refinery margins.
    3. High crude stocks leading to inventory craws.
    4. Rising fleet supply.

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