Tanker spot rates are horrible. Rates for gas carriers have fallen off a cliff. Only container shipping is booming. But you wouldn’t know that by looking at ocean shipping stocks. Across every shipping sector, stocks are up double digits in February.
“Shipping stocks have been on a tear for the past several weeks,” said Clarksons Platou Securities analyst Omar Nokta during a Capital Link-sponsored virtual event on Tuesday.
“We’ve gotten used to seeing pockets [of activity] for tankers or...
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