DSSI - Shipping's Notorious Problem Becoming Biggest Blessing
Happening Now: Shipping Rates Are Surging - Stocks Are Responding But Still Lagging The Market. There Is Deep Value In Shipping!
Overview
The story since the Great Recession has been one of oversupply and historically bad rates for virtually all shipping segments at one time or another.
Brief respites were quickly crushed by over-aggressive owners ordering newbuilds (which were at fire-sale prices due to a massive glut in shipyard capacity) at the first sign of any bullish sentiment, or even at the mere forecast of changing winds.
Investors saw yields dry up, share prices plummet,