The Russia-Ukraine war deepened worldwide logistical breakdowns, raising the demand for shipping. According to a Business World report, shipping costs may rise as much as 25% as oil prices continue to surge.
Since the need to smoothen international trade should drive the shipping industry’s growth, and companies in this space should benefit from rising prices, the sector should gain immense investor attention. Indeed, investors’ interest in the shipping industry is evident in the SonicShares Global Shipping ETF’s (BOAT) 10.6% returns over the past three months compared to SPDR S&P 500 Trust ETF’s (SPY) 4.4% decline.
