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Shipping stocks are suddenly revving up across the board | Hellenic Shipping News Worldwide

Shipping stocks are suddenly revving up across the board Tanker spot rates are horrible. Rates for gas carriers have fallen off a cliff. Only container shipping is booming. But you wouldn’t know that by looking at ocean shipping stocks. Across every shipping sector, stocks are up double digits in February. “Shipping stocks have been on a tear for the past several weeks,” said Clarksons Platou Securities analyst Omar Nokta during a Capital Link-sponsored virtual event on Tuesday. “We’v...
United States Jon Chappell Greg Miller Randy Giveans Omar Nokta Clarksons Platou Securities

Costamare Inc. (NYSE:CMRE), (CTRM) - Shipping Stocks Are Suddenly Revving Up Across The Board

Matson (NYSE: MATX) and (Chart: Koyfin) The ‘retail horde theory Why has the broader shipping-stock space revved up in February when rates for most non-container segments have not? One theory — particularly in the wake of the GameStop (NYSE: GME) stock spike in late January — is that the "retail horde" has alighted on shipping stocks. It happened before, in April 2020, when traders on retail platform Robinhood ran up the stock of Nordic American Tankers (NYSE: NAT). If its happening ag...
United States Jon Chappell Clarkson Omar Nokta Greg Miller Randy Giveans Omar Nokta

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