danmarks-rederiforening.gif

Hedge fund believe in shippingstocks

Hedge fund believe in shippingstocks

16-02-2018 12:00:00


Stocks in the shipping business are being traded at the lowest prices since 1999 adjusted for shipyard costs, and over the next couple of years stocks in the shipping industry will increase by 50-100 per cent.

This belief stems from a hedge fund manager who specializes in shipping stocks from Tufton Oceanic. The hedge fund initiated shipping investments last year.

The interest for stocks in the shipping business has been very low for several years, but in the third quarter last year, hedge funds started purchasing shipping stocks for 675 million dollars and for a probably more in the last quarter of the year. This shows that the price on stocks will go up and that there is hope for a rise in stock purchase, Reuters writes.

"Free from estimated shipyard costs the price on stocks are at the lowest level since 1999, "said William Homan-Russell, head of shipping in the 1.5 billion dollar big hedge fund and investor in the shipping business, Tufton Oceanic.

He expects stocks in the shipping business to rise by between 50 and 100 percent over the next two years.

Source: Reuters / Maritime Denmark



Klik venligst

< Front page

Copyright © Maritime Denmark



Breaking News

- EU approves Stena joint venture
- Braat celbrates 30 years in Danske Maritime
- Municipal meeting regarding Samsø ferry
- 60 years ago Hans Hedtoft sank
- Unifeeder connects Gdynia with DP London
- Two killed and 10 injured in explosion
- Freighship hits weir in Göta Älven
- Norden charters new ultramax to JJ Ugland
- Frigate will never sail again
- Maersk adds to Far East Asia-USA Gulf route
- 32 % of offshore-vessels not in operation
- New partnership for the Danish Maritime Fair


Todays Top 5



This weeks Top 10

Klik venligst