Morgan Stanley has become the latest bank to drop shipping coverage and part ways with a veteran analyst after telling clients that Fotis Giannakoulis is no longer with the firm.
The bulge-bracket bank discontinued coverage of 29 shipowners that had been under Giannakoulis' research, according to a note to clients this afternoon.
Giannakoulis becomes the third shipping analyst to part ways with his bank in the last seven weeks, following Magnus Fyhr at Seaport Global Securities and James Jang at the Maxim Group.
