Shipping shares outpaced S&P 500 amid 2023’s rising stock market

chart of shipping stocks

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As 2023 draws to a close, the oft-predicted recession is still nowhere in sight and the S&P 500...

https://www.freightwaves.com/news/shipping-shares-outpaced-sp-500-amid-2023s-rising-stock-market

How safe is Red Sea? Different shipping lines have different answers

chart of Zim share price and effect of Red Sea diversions

The security situation in the Red Sea continues to drive shipping stock prices both up and down. Longer voyage distances due to detours around the Cape of Good Hope reduce effective capacity, a positive for freight rates, and thus share pricing. Conversely, if fewer ships divert, fleet capacity is preserved and stocks fall.

The bullish stock thesis going into the Christmas break was that all container lines would continue to divert vessels due to concerns over crew safety, regardless of Operation...

https://www.freightwaves.com/news/how-safe-is-red-sea-different-shipping-lines-have-different-answers

Greek owner to sell all container ships, spend $3B on LNG tankers

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There have been a number of “big picture” questions about shipping stocks through the years: Should...

https://www.freightwaves.com/news/greek-owner-to-sell-all-container-ships-spend-3b-on-lng-tankers

Tide turning against controversial ‘hyper-dilutive’ shipping stock sales

Operator: “Your next question is from David Cohen.”

Cohen: “Yes, what is the current plan to destroy stockholder value as you did with Imperial Petroleum?”

StealthGas CEO Harry Vafias: “Next question please.”

Cohen: “What is the plan? …” (Operator hangs up on Cohen.)

That was an exchange during the latest quarterly call of StealthGas (NASDAQ: GASS), whose spinoff Imperial Petroleum (NASDAQ: IMPP) is one of numerous Greek-owned shipping companies that have raised millions via dilutive share...

https://www.freightwaves.com/news/tide-turning-against-controversial-hyper-dilutive-shipping-stock-sales

Could Shipping Stocks Be Poised for a Stellar Comeback?

Shipping stocks enjoyed a remarkable run from late 2020 to 2022, outperforming most sectors except cruise stocks.

In 2023, the question on investors’ minds is whether shipping stocks will stage another impressive comeback

Before delving into this,

A disclaimer:

This discussion does not constitute a recommendation to buy or sell.

It is crucial to consult with your financial advisor before making any investment decisions.

At the time of writing, I have no vested interest in any of the mentioned stocks.

https://mfame.guru/could-shipping-stocks-be-poised-for-a-stellar-comeback/

How have shipping shares performed versus broader stock market?

chart of container shipping stocks

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Ocean shipping stocks are not “buy-and-hold” investments. Shipping is a highly cyclical industry;...

https://www.freightwaves.com/news/how-have-shipping-shares-performed-versus-broader-stock-market

How much money do shipping CEOs make? Here’s their 2022 pay info

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How much do ocean shipping executives make per year? The answer depends on whether you’re talking...

https://www.freightwaves.com/news/how-much-do-shipping-ceos-make-heres-their-2022-pay-info

Container lines paid out billions in boom-time profits via dividends

chart of shipping line dividends

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Shipping is extremely cyclical. Super-booms like the one experienced by container shipping in...

https://www.freightwaves.com/news/container-lines-paid-out-billions-in-boomtime-profits-via-dividends

Shipping line Zim bets big on spot market as losses mount

chart comparing Zim rates to other carriers

More bad news from Zim, the world’s 10th-largest container line operator and a major player in the Asia-U.S. East Coast trade: After slashing its full-year guidance in July, it reported much steeper second-quarter losses on Wednesday than analysts expected.

Israel-based Zim (NYSE: ZIM) posted a net loss of $213 million for Q2 2023, compared to net income of $1.34 billion in Q2 2022 and a net loss of $58 million in the first quarter of this year. The adjusted net loss of $1.37 per share in the...

https://www.freightwaves.com/news/shipping-line-zim-bets-big-on-spot-market-as-losses-mount

Container shipping’s Danaos buys into dry bulk amid rate slump

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Traditional shipowning families often don’t behave like retail stock traders focused on the next few...

https://www.freightwaves.com/news/danaos-buys-into-dry-bulk-shipping-amid-rate-slump-cheaper-ships

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