Shipping Industry Rises 20.6% in 6 Months: More Room to Run?
Danaos(DAC) Zacks Investment Research·2024-03-19 22:56
The Zacks Transportation - Shipping industry is benefiting from the upbeat liquefied petroleum gas (LPG) demand. The buoyant demand scenario pertaining to the export of LPG, like propane, has served the U.S. economy well. The country is the largest exporter of gases like propane and butane. This has boosted the prospects of transporters of LPG. Notably, seaborne LPG gas volumes have been on the rise since the pandemic.With the reopening of the China economy, the entire shipping industry heaved a sigh of rel ...