- Dry bulk shippers surged today on Morgan Stanley’s analysis which said shipping is at the start of a two-year rally; Diana Shipping (DSX), Safe Bulkers (SB), Navios Maritime Holdings (NM), Knightsbridge Tankers (VLCCF) and Star Bulk Carriers (SBLK) all rose 7%-13%.
- Rates should rally on lower fleet growth and expectation that demand will expand at a faster pace than vessels in 2014 for the first time in six years, Stanley's Fotis Giannakoulis predicts.
- The analyst sees a 12-to-18 month window to play the cycle, with the industry’s recovery lasting two years, followed by a rising vessel supply.
Shipping industry at the start of a two-year rally, Morgan Stanley says
Dec 13 2013, 18:05 ET