Shares in the Robert Bugbee-led shipowner are down 80% over the twelve month period, according to the Oslo-based bank

George Economou’s DryShips is the next worst performer with the shares in the dry bulk shipowner down 77%.

Unsurprisingly, drybulk stocks dominated the worst performers making up nine of the bottom ten companies.

The best performing stock was Hoegh LNG which saw its share price surge 77% over the course of 2014.

However,