LPG and tanker stocks race ahead of S&P 500 as recovery unfolds

Tanker and LPG shipping stocks are outperforming the S&P 500 this year despite the wider industry being out of fashion on Wall Street.

While LNG, car carrier and chemical tanker shares have struggled to date in 2019, overall shipping equities are up 15%, according to data from Clarksons.

The LPG peer group has been the shipping world’s top performer this year, with John Fredriksen and Stolt Nielsen-backed Avance Gas leading the way with a 122% climb.