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StockNews.com
StockNews.com
Business
Malaika Alphonsus

3 Shipping Stocks to Own Under $3

GASS

The global supply chain disruption spread over the past few years is relatively well-known. Container freight rates spiked significantly over the past few years, but supply chain strains worldwide are easing.

Although the shipping industry faces the challenges of high inflation, slowing consumer demand, and high fuel costs, the sector has remained resilient as the demand for shipping services is relatively inelastic. Therefore, it could be wise for investors to buy cheap shipping stocks Dynagas LNG Partners LP (DLNG), StealthGas Inc. (GASS), and Castor Maritime Inc. (CTRM).

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