Tanker stocks have vastly outperformed technology and AI stocks in the first half of 2026. The SonicShares Global Shipping (BOAT) ETF has risen 63% year to date and 35% in Q3, putting it on track for its best quarter since its 2021 inception. Shippers like Okeanis Eco Tankers (+60% QTD, +100%+ YTD), Dorian LPG (+58% QTD, +121% YTD) and Nordic American Tankers (+43% QTD, +131% YTD) have more than doubled on the year. This rally is driven by longer shipping routes due to geopolitical tensions: the Strait of Hormuz blockade, sanctions on Russian oil, and Houthi attacks in the Red Sea. Chris Robertson, Deutsche Bank’s director of LNG infrastructure and maritime shipping, expects freight rates to remain elevated as long as attack risks persist.
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