3 Shipping Stocks to Watch on Favorable Industry Trends
KEXKirby(KEX) ZACKS·2024-07-08 23:55

The Zacks Transportation - Shipping industry is being aided by an improvement in the demand for goods and commodities from the pandemic lows. Moreover, the tensions in the Red Sea and the resultant limited container availability have increased freight costs. The re-opening of the China economy has also boosted the industry participants. A strong outlook for the Capesize market also bodes well for shipping stocks.In the prevalent scenario, we believe that investors would do well to keep a tab on Kirby Corpor ...