Reported 12 months ago
Bulk shipping stocks surged on July 2nd, with companies like Wisdom Marine Group, New Ocean and U-Ming showing strong performance, rising by at least 4%. Analysts attribute this to the increase in the Baltic Dry Index (BDI) and the ongoing South American grain transportation boom. Analyst Hsu Bojie also mentioned the potential impact of the US elections, as anticipated policy changes may lead to increased demand for shipping. He advises investors to consider a longer investment horizon, focusing on the third quarter rather than short-term gains.
Source: YAHOO