Shipping Stocks by Sector
As part of the preparation for the new blog on shipping stocks I will be starting soon I have been checking into the recent performance of this sector by subsector. The results have been interesting.
Right now I have a universe of 42 U.S. listed shipping stocks. All of the tracking is on an equal dollar weighted basis. I have divided these stocks into several sectors, some are obvious, some are not and some have overlapping component stocks. Through the time I am writing this early Friday afternoon here are the returns (share price only) YTD for the sectors:
- All shipping stocks: +5.92%
- Dividend paying shipping stocks: +7.23%
- Tanker stocks: +8.62%
- Dry bulk carrier stocks: -2.75%
- Container and mixed fleet stocks: +13.62%
- Shipping stocks with suspended dividends: -6.19%
As you can see there are some interesting results when you break down the sector. Those of you that know the sector well probably understand the correlation between the two subsectors with negative returns.
The purpose of my new website is to provide current new, analysis and discussion on the stocks in this sector. Right now I am taking RSS and email subscriptions to build up the readership for the launch. Hop on over to www.shippingstocksblog.com and sign up so you do not miss a thing when the blog kicks off.
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