Shippers Poised to Return to Profit as Cargoes Grow 10%: Freight – Bloomberg

The shipping industry hauling commodities from coal to crops to iron ore is poised to return to profit for the first time since 2010 as the biggest capacity glut in its history diminishes

Trade in the three largest dry-bulk cargoes will expand 10 percent to a record 2.91 billion metric tons in 2014, according to ACM Shipping Group Plc, the third-largest listed shipbroker. Rates will exceed owners’ break-even levels in 2014 for each of the four main vessel classes, according to 34 analyst estimates compiled by Bloomberg. Investors can profit by buying freight swaps, which are mostly trading below the analysts’ forecasts.

[object HTMLTextAreaElement]

via Shippers Poised to Return to Profit as Cargoes Grow 10%: Freight – Bloomberg.

Advertisements
%d bloggers like this: