Crude tanker and dry bulk stocks lead the pack, outpacing S&P 500
- Crude tanker stocks up 45.5% YTD, dry bulk 27.4%, boxship lessors 23.4% and gas carriers 21.8% — handily exceeding 14.7% YTD gain of the SDPR S&P 500 ETF
- The laggards are product tankers, up 12.6%, multi-segment owner stocks, up 4.5%, and liner stocks, down 1.2%
- Frontline, Euroseas and Himalaya have been the best-performing equities; SFL, Zim, Matson and Hapag-Lloyd have been the worst
Shipping share price performance is predictably tracking spot rate moves. Crude tanker, dry bulk and LPG shipping spot rates are strong; consequently, equities in these segments are rising faster than the S&P 500
