Shipping shares tumbled in global market turbulence
Dry bulk shares took new beating on the exchanges, but also product tanker, with players such as Scorpio Tankers, Ardmore Shipping and Tsakos Energy Navigation, was hit by the downturn in China. Markets have recovered to some extend again.
BY OLE ANDERSEN
Shipping shares on the international capital markets also tumbled down in the dramatic stock slides in the past few days, triggered by uncertainties relating to the Chinese economy and thus the country's position as growth driver for the global shipping industry.
Already a subscriber?Log in here
Read the whole article
Get access for 14 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.
With your free trial you get:
- Access all locked articles
- Receive our daily newsletters
- Access our app
Get full access for you and your coworkers
Start a free company trial todayRelated articles:
Chinese stock collapse creates new insecurity in shipping
For subscribers
Scorpio Tankers betting even harder on MR
For subscribers
.jpg&w=384&q=75)
