TNP - Ukraine War Update: Tanker and shipping stocks gain as Russia cuts Poland/Bulgaria gas

Here are the latest headlines in the Russia-Ukraine crisis: Tanker, shipping stocks gain on Russia gas cuts Tanker and shipping stocks are rallying Wednesday on word that Russia is cutting gas supplies to Poland and Bulgaria. Big gainers include Grindrod Shipping Holdings (GRIN), Tsakos Energy Navigation (TNP) and Ardmore Shipping (ASC). Danske Bank sees signs of escalation "All in all, we think tensions are again building up and Russian offensive is likely to expand and become nastier in Ukraine over the next two weeks ahead of the May 9 Victory Day," Danske Bank said in a note Wednesday. "We maintain our base case of a frozen conflict in Ukraine, but the tail risk of an escalation remains and the most recent developments raise the downside risks." "The main triggers for an escalation of the war outside Ukraine include: 1) NATO’s involvement in the conflict in one way or another leading

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Ukraine War Update: Tanker and shipping stocks gain as Russia cuts Poland/Bulgaria gas