Shipping Stocks Weather the Pandemic Storm

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The container-shipping industry’s earnings before interest and taxes will be up 41% this year, says consultant Drewry, which earlier forecast a $3.7 billion loss

Shares in several major operators have rebounded sharply. A.P. Moeller-Maersk A/S’s nonvoting stock, which at its low point in March was down by almost half for the year, is now roughly flat. The Danish company owns Maersk Line, the world’s biggest ocean carrier.

 

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ONE EXAMPLE OF GREAT OPPORTUNITIES FOR TRANSPORTATION SECTOR. MANY ROAD, RAIL,RIVER, OCEAN TRANSPORTATION WILL IMPROVE DEMAND FOR NECESSITIES, ESSENTIALS, BETTER PRICE TO PRODUCERS. EMPLOYMENT OPPORTUNITIES, SERVICE, MAINTENANCE, INVESTMENT GAINS IN TRANSPORT SECTOR ALSO IMPROVE.

Reminds me of Moscow Mitch and his shipping heiress wife, Elaine Chao, our Transportation Secretary.

Baltic Dry index, one of the truest bellwethers of economic activity, started in 1985 to keep track of the ships that move raw materials that fuel economies.

The Democratic Party has become the party of intolerance, censorship and Racism. Democrats have incited riots and promoted Marxist revolution, but offered NO protection to law abiding citizens. The country is waking to their evil and it has sealed their fate!

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