Shipping stocks are not considered “buy and hold” investments these days — for good reason. It’s all about timing. Case in point: Tanker stocks are now soaring after years mired in negative territory.
Fresh 52-week highs were hit Tuesday by Scorpio Tankers (NYSE: STNG), Ardmore Shipping (NYSE: ASC), Euronav (NYSE: EURN), DHT (NYSE: DHT), International Seaways (NYSE: INSW) and Teekay Tankers (NYSE: TNK).
Tankers stocks are up double digits year to date (YTD), in some cases triple digits. However,...
https://www.freightwaves.com/news/tanker-shipping-stocks-pull-away-from-the-pack-hit-fresh-highs