Genco: Recovery In International Trade Brings Good Tidings

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3.63K Followers

Summary

  • Recovery of the global economy and international trade in commodities has given a significant boost to shipping with operators making a tidy profit.
  • While the global seaborne transportation business is quite prone to volatility, it currently offers opportunities for good pickings in the short to medium term.
  • Genco, given the streamlining process that it has been undergoing recently, is particularly well-positioned to exploit arising opportunities.

Side view of dry bulk carriers cargo ship in the sea

Miro Nenchev/iStock via Getty Images

Investment Thesis

The recovery of the global economy and a strong performance by China is expected to sustain robust global commodity markets and continue fueling the surge in demand for dry-bulk commodities such as coal, iron

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Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours.

Business relationship disclosure:This article was researched and written by Mr. Stanley Kirigha, reviewed, and submitted by Mr. Waleed Tariq.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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