ShippingWatch

This is how much the shipping shares have plunged in 2018

Shipping shares have plummeted through a year in which weak markets continue to strain several segments, while the positive prospects for global growth are shrinking. Clarksons Platou provides a survey of the largest declines and best-performing shares.

Photo: Arkivfoto/Colourbox

The shipping shares have taken a big dive in 2018, a year in which the shares have dropped 11.7 percent overall, according to a new survey performed by analyst firm Clarksons Platou.

In comparison, the global shipping shares on the MSCI World Index have gone down 4.46 percent, show the current numbers. This applies in particular to investors in the maritime MLP sector, so-called master limited partnership or midstream marine partnerships, such as for instance Golar LNG, which has John Fredriksen as investor, Teekay LNG Partners and Navios Maritime Partners.

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