Sid Chand Lall writes for Trustnet Magazine about shipping company opportunities

Sid Chand Lall, Manager our Multi Cap Income fund, has written an article for Trustnet Magazine about three shipping industry companies that pay healthy dividends and are strongly positioned for growth.

In the piece, he highlights two shipbrokers – Clarkson PLC and Braemar – and Tufton Oceanic Assets, which is an investment company that operates a fleet of second-hand ships, adjusting the mix of vessels to match market opportunities.

Sid says the end of the pandemic drove a surge in profits for shipping companies, as economies reopened and businesses found themselves competing for cargo space. Port congestion caused by lockdowns in China further drove up freight charges and western sanctions against Russia have also increased demand for tankers to transport fuel around the world.

Freight charges are now starting to normalise, but Sid expects them to settle at a higher level than pre-COVID. While the macroeconomic backdrop remains uncertain, he believes these three companies are well placed to navigate a global slowdown.

21/11/22

Read the article here

For professional use only.

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