An unprecedented lack of vessels on order is set to propel shipping shares to new heights this year, according to Clarksons Securities.
Shipping stock prices worldwide increased by 29% on average in 2022, the investment bank calculated, greatly outperforming the broader equity market, where the S&P 500 index was down 18%.
“This demonstrates that when fundamentals are aligned, shipping shares may be expected to perform well,” analysts led by Frode Morkedal said.
