Asset Sales And Balance SheetAnalyst notes the company is realizing strong prices on older vessel sales, strengthening cash balances and enabling fleet renewal while requiring minimal incremental capital.
Supply DynamicsAnalyst notes supply tightening as vessels shift to other trades and sanctioned barrels must be carried on compliant ships, which supports stronger product tanker rates and higher vessel values.
Timecharter DemandAnalyst notes increased demand for long-term timecharters from national and international oil companies and traders, which secures steady revenue streams and reduces exposure to volatile spot rates.