The alert issued by Erik Nikolai Stavseth follows meetings between the Norwegian investment bank and more than 60 investors on both sides of the Atlantic.
“Our main conclusion is that shipping is no longer on top of investors’ ‘To Invest In’ lists, let alone ‘To Do’ lists,” the forecaster told clients in a recap of the roadshow.
Stavseth argued that this trend likely stems, in part, from the sharp decline in the price of crude, which has led to what he described as a “refocusing of efforts” at many firms.
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