- Shipping stocks struggled during most of 2020. The consensus was that a global pandemic would be bad for shipping.
- In reality, the majority of shipping companies themselves had a phenomenal year, with LPG, LNG, and container rates soaring to multi-year highs.
- Even many firms in the beleaguered tanker sector generated several years of cash flow in just 2-3 quarters during the temporary floating storage boom.
- As the market turns more optimistic on a post-COVID world, shipping is primed to benefit. I believe it is the best sector for a 'rotation' trade.
- Furthermore, if you are concerned about high inflation (or believe other investors will be), then shipping is also the place to be!
For further details see:
2021 Is The Year For Shipping