Seaport Global Securities has dropped research on 21 shipping stocks under its coverage as a result of what it called “analyst departure.”
The announcement in a client note would appear to signal the departure of veteran analyst Magnus Fyhr, who came to Seaport in 2016 and has covered shipping stocks for 20 years.
What was not clear from the brief announcement was whether Seaport Global has thrown in the towel on shipping altogether.
