Drewry Maritime Financial Research reports that global port and shipping equities closed the week of 14 November 2025 with a mix of gains and pullbacks across segments, reflecting shifting trade flows, freight dynamics, and sector-specific fundamentals.
Port Operators Extend Broad Outperformance
According to the latest update, the Drewry Port Equity Index advanced 0.9% week-on-week, bringing its year-to-date rise to 20.0%.
Regional Terminal Operators continued to lead with a 1.7% weekly gain, while Global Terminal Operators added 0.6%. Despite the S&P 500 rising only 0.1%, port equities maintained strong relative performance, supported by resilient throughput and stable global trade activity.
Container Shipping Faces Downward Pressure
Drewry highlights that the Container Shipping Equity Index fell 0.9% WoW, following weak 3Q25 earnings across the sector.
At the same time, the Drewry World Container Index dropped 5.1% WoW, ending its four-week climb due to reduced Transpacific demand.
Although the container index is up 2.6% YTD, it trails the broader equity market. Investor sentiment remains cautious as carriers navigate softening spot rates and muted cargo volumes.
Dry Bulk Stocks Strengthen Further
Momentum remained bullish across dry bulk players. The Dry Bulk Equity Index rose 1.8% WoW, supported by higher TCE earnings. With a 32.2% YTD increase, the segment continues to outperform the S&P 500’s 14.5% YTD rise. Tight vessel supply and stable commodity demand have helped sustain this upward trajectory.
Crude Tanker Equities Surge on Rate Upside
A strong week for tanker markets translated into a 4.9% WoW rise in the Crude Tanker Equity Index, even as the Russell 2000 posted a decline.
On a YTD basis, crude tanker equities are up 58.0%, buoyed by recovering crude supply, higher long-haul flows, and geopolitical dislocations that continue to extend voyage distances and boost earnings.
Product Tankers Maintain Steady Gains
Product tanker equities saw a 0.6% WoW increase, tracking the uptick in spot rates. With a 23.5% YTD gain, the segment remains on a durable growth path, outperforming broader equity benchmarks as clean product trades maintain seasonal strength.
LNG Shipping Posts Mild Weekly Gain
The LNG Shipping Equity Index rose 0.4% WoW, though performance varied among individual operators. While spot LNG rates have improved recently, average rates remain relatively soft for the year.
Even so, the LNG index has grown 4.8% YTD, supported by steady share-price gains within the segment.
LPG Shipping Pulls Back Slightly
The LPG Shipping Equity Index declined 1.9% WoW, broadly in line with movements in the Russell 2000.
Despite the weekly dip, the index has risen 13.6% YTD, although it still trails some higher-performing shipping segments.
Across the maritime landscape, equity performance this week illustrates diverging fundamentals: tankers and dry bulk remain strongly supported by earnings momentum, while container markets continue to absorb weaker trade demand. Port operators, meanwhile, retain steady leadership as global terminal activity stays firm.
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Source: Drewry Maritime Financial Research
