3 Shipping Stocks to Watch on Favorable Industry Trends

In the prevalent scenario, we believe that investors would do well to keep a tab on Kirby Corporation (KEX) , Golar LNG (GLNG) and Costamare (CMRE) . Red Sea Tensions Boost Freight Rates: The attacks by Yemen's Houthi militants on vessels in the Red Sea have disrupted maritime trade. As a result, many shipping companies have hit the pause button as far as transit through this route is concerned. Keeping the safety of their crew in mind, they are adopting the longer and costlier route around the Cape of Good ...