Norwegian investment bank Cleaves has upgraded VLGC owners but remains "frosty" on LNG carriers, as it weighs up which sectors will enjoy a "post-pandemic party".
Cleaves head of research Joakim Hannisdahl and equity research analyst Peter Michael Christensen said 2020 was a year to forget.
But they added that as investors position themselves for an economic rebound post-Covid, there has already been growing interest in shipping — particularly dry bulk.
