Oil and gas shipping has fallen out of favour at Cleaves Securities, with the firm tipping bulkers as shipping's growth sector.
In its second quarter review, the Norwegian investment bank reiterated its pessimistic view for tankers, LNG carriers and LPG vessels in the short term.
But head of research Joakim Hannisdahl said: "After two Black Swan events represented by Vale's dam collapse in January 2019 and now the Covid-19 outbreak, we believe the time is finally here for a substantial recovery in dry bulk fortunes."
