Stocks in the Zacks Transportation - Shipping industry have had an impressive run on the bourses, courtesy of the economic activity-led demand uptick. Improvement in trade volumes contributed to this upside, aiding shipping stocks as those are responsible for transporting bulk of the goods involved in world trade.
Shipping companies enjoyed strong rates this year, which is in its last leg, on the back of soaring demand for goods and commodities. What is more encouraging for the space is that the demand environment is likely to remain strong in 2022 as well. Stocks like Danaos (NYSE:DAC) Corporation DAC, Golden Ocean Group (NASDAQ:GOGL) GOGL, Genco Shipping (NYSE:GNK) & Trading Ltd. GNK and Eagle Bulk Shipping (NASDAQ:EGLE) EGLE are likely to benefit from the rebound in the global economy from the pandemic-led woes (despite the emergence of the latest omicron variant).
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Danaos Corporation (DAC): Free Stock Analysis Report
Genco Shipping & Trading Limited (GNK): Free Stock Analysis Report
Eagle Bulk Shipping Inc. (EGLE): Free Stock Analysis Report
Golden Ocean Group Limited (GOGL): Free Stock Analysis Report
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