Shipowners are set for a happier New Year in the capital markets with those controlling LNG, container and dry cargo tonnage likely to enjoy improved fortunes in the freight market in 2017, Fearnley Securities says.
Last year represented an “annus horriblis” for public shipping companies with rates generally weak and investor interest fading, its analysts explain.
LPG, tanker and container leasers saw overall share price falls in excess of 40%, while dry bulk stocks struggled until a late year rally left the peer group down only 9% for the year, their figures show.
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