Where did the tanker interest go? Not into other shipping stocks

With investors’ record interest in tanker stocks from April now confirmed to be over, just where exactly did those hordes of buyers go?

While that remains unknown, the answer is clearly not in other shipping stocks, according to a review of trading data by TradeWinds and US investment bank Jefferies.

Turnover in US-listed tanker shares spent another week at normalised levels, confirming the investor flow out of what had been a red-hot sector fuelled by scorching hire rates and a world oil glut.