In an alert issued by analyst David Beard Iberia Capital Partners said it was dropping research coverage of the shipping sector due to a “reallocation of resources” but failed to elaborate further.
Prior to the announcement the firm followed both tanker and bulker stocks. The list included the likes of Frontline, Nordic American Tankers, Knightsbridge and Diana Shipping, among others.
It’s unclear if the company will continue to cover US tug and barge giant Kirby Corp or offshore operators like Tidewater but observers note these names are a lot more liquid than most tanker and bulker stocks, which is why they think coverage will continue.
While
