In the near-term, Michael Webbersays the market is poised to struggle with pricing, high fuel costs and softseasonality.
“That said, we are a year closer toa European recovery, and given the sector's leverage to those lanes (23%of capacity), we think the start of a macro tailwind is possible as we movethrough 2013,” he told investors Wednesday.
With freight rates and assetvalues hovering around ten-year lows the analyst believes now isn’t the besttime to invest in US-quoted containership operators but says liner stocks maybe positioned as a “highly leveraged play on a macro recovery” at some pointdown the road.
With
