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.

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Shipping shares tumbled in global market turbulence

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Chinese stock collapse creates new insecurity in shipping

Media: Hapag-Lloyd targets IPO in September

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Front page now

Maritime & Merchant notes fierce competition in loans for shipping

14 arrested at demonstration in front of Maersk headquarters

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Further reading

Kuehne+Nagel triggers unrest among staff with new management structure

Cosco and CMA CGM expect further pressure on major European ports

Congestion in Asian ports is now as bad as during Covid

Less than one percent of the container fleet is currently idle

Dry bulk players dismiss green fuels in favor of low-hanging fruits

Analysis: Capesizes have become too expensive despite strong market

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