US-listed shipping stocks made overall gains in 2019 for the first time in five years, with a special nod to tanker shares.
A review of 30 listings analysed by investment bank Jefferies at TradeWinds’ request showed an average increase of 40%, with LNG tankers the only sector in the red.
That the shipping group started from an acknowledged low point — shares took a beating last December along with the broader stock market — hardly dampened the results given the reversal from the sector’s putrid performance for investors in recent years.
