Shipping index

Harpex has broken 10 years high.  

BDI 10 years high at 4,078, historic high at 11,440 around May 2008.   The most recent peaked around Aug 2019 at 2,378.

Why are the indexes heading north?

Reuters reported on 18 Nov 2020 Container freight rates soar on consumer goods boom, supply chain kinks (https://sg.finance.yahoo.com/news/container-freight-rates-soar-consumer-033840145.html) due to 

• restocking
• limited air-freight
• demand for stay-home good
• serve shortage of containers

Carrier Financial Results 6 Months 2019-20 report (dated Nov 2020) by DHL mentioned lower volumes are offset by higher freight rates (https://www.dhl.com/content/dam/dhl/global/dhl-global-forwarding/documents/pdf/glo-dgf-ocean-market-update.pdf)

Several ocean carriers have formed a few alliances.

Since the last financial crisis (Subprime mortgage crisis, 2007) the shipping industry has gone through a tough time to sustain with the Coronavirus, the shipping industry went thru consolidation and those survive will emerge to be stronger.

A report (dated 25 Jul 2019) by The Motley Fool (https://www.fool.com/investing/how-to-invest-in-shipping-stocks.aspx) 

Top pick on companies focusing on the containers

• Costamare (NYSE:CMRE)
• Seaspan (NYSE:ATCO)

Top pick on companies focusing on the Dry bulk carriers

• Diana Shipping (NYSE:DSX)
• Eagle Bulk Shipping (NASDAQ:EGLE)
• Star Bulk Carriers (NASDAQ:SBLK)

It may be time worth to take a look at the shipping industry.