Shipping should see its best year for half a decade in 2020, but it will most likely never enjoy another supercycle like the one in the mid-2000s, analysts say.

"I think a lot of people own [shipping stocks] on the expectation that 2020 is going to be, depending on the segment, the best year we have seen in at least five," Evercore analyst Jonathan Chappell told TradeWinds.