hermanbrut

Drybulk Shipping: Prepare for a New Record High

I agree completely. I think drybulk shipping, although volatile, is one of the safest bets in this market. If commodity prices continue to rise and percentage rates per cost of cargo for shipping remain constant, the result is greater income for shippers. On the other hand if the commodity bubble bursts, more will be shipped, again resulting in greater income for dry bulk shippers. The shippers gain either way.

Also, the shortage and increases in prices of steel is driving up the cost of new ships. The dividend-paying stocks in this sector are looking good right now.