Shipping stocks saw gains across the board Tuesday, with each sector having at least one owner post significant gains despite the coronavirus overhang.
Tony Gurnee-led tanker owner Ardmore Shipping Corp, which posted its first dividend since 2016 on $2.5m in adjusted profit, saw the biggest share gain, jumping 17.4% to close at $6.23.
"Ardmore Shipping had decent results," Noble Capital Markets analyst Poe Fratt told TradeWinds.
