Nordic American Tanker – Income and More
Investment U (July 1st, 2009) Writes:
Nordic American Tanker – Income and More
Tony Daltorio, The Investment U Research Team
One sector that is extremely sensitive to global economic activity is the international shipping industry.
As the financial crisis turned into a category 5 hurricane last year, it blew the entire global economy off course –and along with it, the shipping industry. The sudden drying up of credit, finance institutions and collapsing trade volumes led to a sharp drop in shipping rates.
Fast forward to today, and we’re now seeing ships being backed-up in Chinese and Australian ports: demand is rising.
If these are indeed signs of a bottom, then we need to look for companies positioned correctly in the right shipping sector. And this is important, because each sector in the shipping industry – container, dry bulk, and oil – is fundamentally different from the
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