Danske Bank: Global shipping shares decline big-time
Listed shipping shares continue to slide big-time on the world's exchanges, according to a new analysis from Danske Bank, which has reviewed how 38 global shipping companies have developed in the past year up until today.
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BY KATRINE GRØNVALD RAUN
Stock-listed carriers across the globe are taking a beating from investors. The appetite for shipping shares has declined significantly in the beginning of 2016, reports Danske Bank Markets, which in a new analysis reviews the development of numerous pace-setting carriers. This in spite of the fact that several shipping segments, according to the bank, are enjoying strong cash flows and positive prospects. Yet the carriers seem unable to keep investors from ditching the shares.
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