Clarksons Platou Securities has invoked the popular “fake news” mantra suggesting there is no danger of a perceived increase in newbuilding activity derailing a shipping market recovery.
Analysts at the finance house note that the sector lost momentum in the second quarter with stocks pulling back during a period which saw little change to the overall industry outlook.
And, supported by low second hand prices and a relatively low orderbook for the next couple of years, Clarksons Platou Securities believes shipping continues to offer investors and attractive risk reward balance.
