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Stock impact report

What US-China Trade Progress Means For Shipping Stocks [Yahoo! Finance News]

Dorian LPG Ltd. (LPG) 
Last dorian lpg ltd. earnings: 8/7 06:00 am Check Earnings Report
The trade war launched by U.S. President Donald Trump has precipitated years of negative sentiment for ocean-shipping stocks. Finally, some relief is in sight. The new phase-one agreement halts new tariffs Trade tensions have been an ever-present overhang on the performance of U.S.-listed shipping stocks "Phase one ... sets up a positive market backdrop for the shipping sector as we approach 2020, which is in sharp contrast to market dynamic a year ago," affirmed Clarksons Platou Securities analyst Frode Mørkedal in a client note on Dec. 16. "Although the tanker gas markets have enjoyed Multiple shipping analysts highlighted sentiment upside from U.S.-China trade progress. "This trade agreement should help improve sentiment around global trade and economic development, benefiting shipping as a whole," said Randy Giveans, shipping analyst at Jefferies. According to Evercore ISI analyst Jon Chappell, "A trade deal should lift the sentiment cloud that has hovered over the dry bulk equiti Show less Read more
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