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NVGS - Global Shipping Sentiment: Rock Bottom Yet?
Navigator Holdings Ltd.
Shipping Sentiment: Lower and Lower
Shipping has been an absolutely brutal place to invest over the past 5-years. The chart below shows the only industry tracker, the Invesco Shipping ETF (SEA), which has lost 62% over the past 5 years compared to a 47% gain in the S&P 500. Anyone who has tracked the index has absolutely lost their shirt.
Source: Yahoo Finance, comparative chart, SEA vs. S&P 500
This chart was discussed at Marine Money 2018 (conference review here), with the question of 'why invest in shipping.' Cheap valuations