War and shipping stocks: Container, dry bulk, product tanker shares up

shipping stocks

The Russia-Ukraine war is the kind of geopolitics-altering event that should shake up trade flows for years to come, promising big repercussions for shipping shares.

A month into the conflict, American Shipper spoke with Randy Giveans, shipping analyst at Jefferies, about how the war is affecting — or not yet affecting — the stocks in different vessel segments.

There have been some big stock moves already, outperforming the broader stock market. But it’s still too early to see the full impact....

https://www.freightwaves.com/news/war-and-shipping-stocks-container-dry-bulk-product-tanker-shares-up

Tanker rate boost from pipeline cyberattack could be fleeting

product tanker

Bad news — accidents, war, extreme weather — is generally good news for commodity shipping. Case in point: Product tanker stocks, rates and futures jumped Monday in the wake of the cyberattack that shut down the Colonial Pipeline.

The pipeline, which has the capacity to carry 2.5 million barrels per day of refined products from the U.S. Gulf to the East Coast, was shut by a ransomware attack on Friday.

The best-case scenario for product tankers is an extended outage. A lengthy shutdown would...

https://s29755.pcdn.co/news/tanker-rate-boost-from-pipeline-cyberattack-could-be-fleeting

Tanker takeover talk heats up

product tanker

Trading of Ardmore Shipping (NYSE: ASC) shares surged to over 10 times normal volume on May 26. Shares closed up 18%. Industry publication Tradewinds attributed the jump to takeover talk. A banking source speaking to FreightWaves agreed. He was getting a lot more client calls than usual about Ardmore over the prior week.

The mystery of that late-May rumor is solved — probably. Loose lips appear to have been whispering about Hafnia Tankers (Oslo: HAFNIA), which is 65% owned by the BW Group.

Hafnia...

https://www.freightwaves.com/news/tanker-takeover-talk-heats-up