Share-buyback skeptic Amit Mehrotra has welcomed efforts from a quintet of leading shipowners to repurchase stock over Christmas.
Euronav, DHT Holdings, Diana Shipping, Golden Ocean and Star Bulk have been busy picking up their own shares during the holiday season.
Deutsche Bank analyst Mehrotra explains while he has questioned the wisdom of share repurchases in the volatile shipping sector, the late 2018 buybacks make sense given they are "undoubtedly accretive to equity value in the near to mid-term".
