Wall Street has been on a positive momentum beating new records one after another during the last few weeks. In a reversal of fortune, after a long period of inactivity, shipping stocks seem to have finally caught the attention of US investors who are spotting the value they present. Industry experts point to the positive fundamentals for most shipping sectors buoyed by an uptick in demand and limited orderbooks for new ships.
For the first time in years, we have seen robust capital raising with new IPOs and secondary offerings. With more in the pipeline! At the same time, shipping stocks have made substantial gains across the board coupled with significant trading volumes. Shipping has attracted attention not only from institutional investors but also from the wider individual investor community which now accounts for a good portion of the daily trading.
Let’s remember that shipping is the artery of global trade with over 90% of global commerce transported by ships. Shipping is the vital link in the global supply chain and the livelihood of economies and consumers around the globe.
A group of well-known analysts will discuss what is behind this resurgence of investor interest in shipping stocks.
Are we at the Beginning of a New Era for Shipping on Wall Street?
Mr. Nicolas Bornozis, President – Capital Link
- Mr. Omar Nokta, Head of US Securities – Clarksons Platou
- Mr. Jonathan B. Chappell, CFA, Senior Managing Director – EVERCORE ISI
- Mr. Randy Giveans, Group Head of the Energy Maritime, Shipping Equity Research – Jefferies