Jun. 25 at 10:29 PM
Deutsche Bank said shipping companies with modern fleets, operational flexibility and strong balance sheets are well positioned to benefit from deglobalization, as geopolitical tensions, regionalization and supply-chain security concerns reshape global trade. The bank believes these trends support longer shipping routes, higher vessel utilization and stronger freight rates.
Following Marine Money Week in New York, Deutsche Bank reiterated Buy ratings on International Seaways, Scorpio Tankers, Genco Shipping & Trading, Star Bulk Carriers and Navigator Gas, citing their exposure to favorable structural trends across the tanker, dry-bulk and LPG shipping markets.
The bank also noted recent positive company-specific developments, including earnings beats, asset sales, fleet financing and supportive analyst actions, which reinforce its constructive outlook for the sector.
$INSW $STNG $GNK $SBLK $NVGS