Boxship owner Seaspan Corp is poised to benefit from an increase in world trade as Covid-19 vaccines near readiness.
Norwegian investment bank Fearnley Securities, which has a buy rating on the stock of Seaspan's New York-listed parent Atlas Corp, said the whole liner sector is set for a boost after news broke that Pfizer has a 90%-effective Covid-19 vaccine.
"The market has likely lost more than 5% of containerised trade this year, and the quicker the recovery, the faster these volumes will come back," Fearnley added.
