Bad for tanker owners, good news for operators of bulkers and containerships.
That was the conventional wisdom heading into Tuesday's US presidential election, and it played out in how investors laid their money on New York-listed shipping stocks as they anticipated a win by Democratic challenger Joe Biden.
Most US-listed tanker owners ran in the red, with Teekay Tankers dropping 4%, Diamond S Shipping and Tsakos Energy Navigation both 3%, Ardmore Shipping and Nordic American Tankers 2%, and Ardmore Shipping and International Seaways falling...
