Shipping stocks at a crossroads amid their best rally in decades
Shipping stocks have risen to their highest levels in a decade or more amid a prolonged crisis in the Strait of Hormuz that is squeezing the global supply of vessels. The rally is being driven by disruption, with freight rates and stock prices soaring.
Why it matters — As an LPG shipping company, BWLP could be affected by tightening vessel supply and rising freight rates stemming from the Strait of Hormuz disruption.