Deutsche Bank has slashed 10 of the 16 New York-listed shipowners under its coverage, perhaps cementing a new reality for companies who fail to achieve market capitalisations over $500m.
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The announcement on Friday from lead shipping analyst Amit Mehrotra confirms a TradeWinds report from last Monday that the cuts were coming for owners below that market cap and failing to trade at least $5m to $10m in share value per day.
