A lost decade for shipping stocks: Shipping shares plunge, day trading heats up

A lost decade for shipping stocks: Shipping shares plunge, day trading heats up
Greg Miller, June 26, 2020

A decade after the Great Recession, shipping stocks once again wallow in a sea of red, with yet another plunge on Friday due to coronavirus fears.

There’s a sense of deja vu, not just because there’s another global crisis, but because there has been so little evolution in the public shipping space over the past 10 years. Shipowners on Wall Street were supposed to mature into the kind of blue-chip, consolidated, corporate, creditworthy, non-conflicted investment vehicles that are coveted by the long-only funds of Boston and New York.

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