The news is brimming with stories on businesses that are “dead men walking.” Movie theaters. Cruise lines. Retail outlets. Event organizers. Big-city offices. Ocean shipping doesn’t fall in this category — there’s no existential threat to transporting cargo by sea. Yet the travails of 2020 raise the question: Do shipowners still have a long-term future on Wall Street?
Looking to 2021 and beyond, can U.S.-listed shipping stocks recover or will they sink further toward penny-stock oblivion?
To answer that question, FreightWaves interviewed Jefferies shipping analyst Randy Giveans, Marine Money President Matt McCleery and Deutsche Bank transportation analyst Amit Mehrotra.
