Shipping stocks have outperformed the wider market by huge margins so far this year — and this is only the beginning, analysts say.

Clarksons Platou Securities said crude tanker and bulker equities have led the way in 2022, putting on 41% each.

Analysts Frode Morkedal and Even Kolsgaard called shipping the “belle of the ball” this year.

In the short Easter trading week, shipping shares posted more gains of between 2% and 3%. Overall, the stocks have risen 26% in 2022, significantly better than the broader market.