That is the coverage shuffle at Jefferies, which in one swoop jettisoned two of the world’s biggest shipowners to take on three bulker owners who have — in one way or another — played on trough-market opportunities.
Jefferies is giving up George Economou’s DryShips and John Fredriksen’s Frontline in what it calls a “reallocation of resources”, while taking up coverage of Star Bulk Carriers, Genco Shipping & Trading and Scorpio Bulkers.
Analyst
