ShippingWatch

Drewry: These are the 10 best shipping shares this year

According to Drewry, 2016 was "the most tumultuous and dreadful year for the global maritime industry in recent history," but several players in the sector still made surprisingly positive returns. The analyst agency ranks its top performers.

In 2016, the shipping industry experienced a landmark year.

The low oil price kept the oil and gas sector restrained and practically stopped offshore investments, while the enormous overcapacity and low rates in container continued and put pressure on the earnings of liner carriers. When the oil price increased slightly in the second half of the year, it was the tanker carriers turn to watch income take a dive.

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