20JUN2019 - NEWS - Shipping execs see momentum as IMO 2020 adopted, macro climate clears

The long-term outlook from a panel of crude oil executives at the Marine Money shipping conference is positive despite short-term headwinds.

The panel consisting of execs from DHT Holdings (DHT +1%), Euronav (EURN +0.9%) and Teekay Tankers (TNK +3%) sees momentum after the IMO 2020 framework is adopted and the macro climate becomes clearer.

Another panel ruminates on what a bull market looks like after shipping investors have been "exterminated" - a weak market is said to refocus management, providing an opportunity to deploy capital and focus on long-term cash break-even.

Panel member J Mintzmyer says the sector is in the deep value part of the cycle, with growth investors and income investors looking elsewhere.

Published by Editor - www.Livebunkers.com at 20-Jun-2019 03:24:46 [UTC] , contact editor at editor@livebunkers.com