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Stocks off to strong start in July as dry bulk and VLGC rates rise

  • VLGC rates are the highest in 14 months; panamax bulker rates are the highest in 13 months
  • Some stocks in the dry bulk, LPG, crude and product tanker segments are up double digits since the beginning of this month
  • LNG and container shipping face more negative sentiment than other segments

A combination of improving rates and external catalysts has given shipping-stock sentiment a lift in the early days of summer. It could be just a blip, or the start of something more

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