For investors interested in the shipping sector, the market turmoil surrounding the coronavirus pandemic presents some interesting opportunities. Many dry bulk shipping companies are priced for severe financial distress, even bankruptcy. And it is not difficult to understand why.
Charter rates for dry bulk vessels are at deep lows right now. International trade is at a standstill. Here is where the Baltic Dry Index currently stands.
Surely, under current conditions an investor purchasing the common stock of a drybulk shipping company is looking for trouble? There is absolutely no way of investing in the sector