Are shipping stocks headed for a rebound week?
Or are tanker stocks, which have been the best-performing group amid recent losses, about to deflate further following on US President Donald Trump’s recent comments on a possible crude production cut of 10m barrels per day?
“Yes and no” seem to be the answers from Jefferies equity analyst Randy Giveans after a week in which 29 of the 30 shipping equities under his coverage lost value.
