SBB Securities believes that the stable clean tanker rates bode well for Maybulk as the segment can act as a baseline insurance “smoothing” policy against the group's more volatile dry bulk revenue. Clean tankers represent 25% of Maybulk's total fleet. The brokerage expects the clean tanker rates to remain stable due to healthy demand for refined product carriage and potential hurricane disruption to refineries in the United States. However, there is a growing concern over the impact of the increasing number of new vessels in the world's fleet that can result in lower order books and a decline in tanker rates.
MAYBULK : [Stock Watch] [News]
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