Deep Dive: This winning stock-market bet was soured by the coronavirus crisis, and now it’s setting up for a rebound

Deep Dive: This winning stock-market bet was soured by the coronavirus crisis, and now it’s setting up for a rebound

David Marcus of Evermore Global Advisors updates his volatile marine shipping bet, and a new internet services play. Last year, David Marcus outlined a strategy for making money with five marine shipping stocks, because new industry pollution standards were setting up a declining supply of ships.. Marcus and O shared five stocks selections - two tanker companies and three bulk (or container) shippers.. Then in early January , Marcus said the expected supply decline was taking place, with companies forced to scrap older ships that were too expensive to be retrofitted to meet the new emissions standards, and that day rates had "substantially picked up.". Frontline runs crude-oil tankers while Scorpio Tankers. During the interview, Marcus and Thomas O explained that the current economic situation for crude-oil tankers is actually favorable, because of the decision of Saudi Arabia and Russia to increase production even as international demand collapsed.. "Saudi Arabia started to go into the market to charter tankers to store the oil.. They have been all over the place, jumping all around as more oil is being pumped by Saudi Arabia with no place to go," Marcus said.. The price increases fed a 16% decline in Frontline's shares