I am president (CCBW) chief cook and bottle washer of a small arizona firm manufacturing, selling, and installing shower doors. (Venus Manufacturing Co.) We import glass and mirrors from overseas. My container shipping prices have gone from $3000 to $20000 per 40 ft container over the last 18 months. I couldnt help but think that the industry might be pocketing some money from this. I managed to hit a winner of the bat called Zim and have sort of moved on to other companies in the marine industries. Charts seem to be heading up on about 80% of the industry stocks although it appears everyone is waiting for the next quarters reports. Dont see container shipping prices coming down before Christmas and the Chinese new year.
One new ETF out there BOAT that uses an Index to make investments in these companies. Seems like newsletters would hit on this. Maybe some of you Irregulars could check this out and let me know what you think.
obviously a lot of debt could be involve in buying containerships and the industry has been thru tough times with covid.
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