A summer slump in freight futures has helped drag down shares in public shipowners during the past month, Credit Suisse says.
VLCC FFAs have declined by 15% over the period, while tanker stocks have fallen by 15% to 25%, analyst Greg Lewis says.
While VLCCs have averaged $40,000 per day in the first half of this year, futures point to spot rates at $30,000 daily during the second six months of 2016, he says.
The
