Tanker shares jump as war rages; other shipping shares mixed

One of the axioms of shipping is that war can boost freight rates and share prices, particularly for tankers.

Since Russia invaded Ukraine last week, tanker shares have indeed outperformed, but upside is not evenly spread and gains have eased.

Container and dry bulk stocks have been largely treading water, with multiple names underperforming the S&P 500, particularly on the dry bulk side.

Retail traders fueling tanker stocks

“There are always winners and losers and shipping markets have proven to...