In a client briefing Charles Rupinski argued that the segment will see what he described as a “modest recovery” over the next two years.
“We are basing our stock ratings for companies under coverage on our forecast of their ability to grow earnings in what we believe will be an improving environment, as well as stock valuation,” he added.
Rupinski stamped Seaspan Corp, Diana Containerships, Danaos and Global Ship Lease with “neutral” ratings.
