mariposa

Rising Oil and the Future of Globalization: Implications for Transport Stocks

I have been concerned about this long term, and long term may arrive sooner than I thought. Agree it is much worse for container than dry bulk. Had been thinking of selling my Seaspan, and just take the small loss, which is about 0 with dividends, and either keep in cash or convert to DRYS. Long DSX and EGLE, TNP and SFL also. I wonder about TRN and its barges -- might be more market there.

An Overview of the Global Shipping Industry

Shipping has been one of my best decisions to invest in. Best by far was Diana, which was only 2nd one. Earliest was TNP, and that has been good with div. rein. Also long SFL, EGLE. I even consider Trinity Industries TRN somewhat related, and of course, rails like CNI and NSC for transport to the ships, intermodal. Especially CNI's new port terminal.

Another factor is most shippers pay good dividends.

The one I have been concerned about is SSW. Have considered giving up on this one, so will be looking for further information.

Another concern, very long term, is someday serious questions will be asked about the extra cost of moving things around. In the mean time, enjoy the investing sweet spot. One thing that impressed me about Eagle, is they seem positioned to help move things coastally in Asia. They also have onboard loading and loading equipment and specialize in one medium-sized dry cargo ship. They spent some recent years building to this position, and now seem ready to "sail."