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Global shipping doesn’t dominate headlines like Big Tech or AI, but it is a crucial link in the global trade chain. This business sector has been quietly building fortunes for investors for centuries, and that trend continues today. That helps explain why Deutsche Bank analysts like a global shipping stock that pays a double-digit dividend.
Global shipping, like real estate, is a multi-sectoral industry. While perhaps the most recognizable global shipping sector is the flow of finished goods from China to Europe and America, the transportation of raw materials such as iron ore and aluminum is also highly lucrative. Known as the ‘dry bulk’ sector, this provides big profits for investors, as without it global production would grind to a halt.
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Deutsche Bank analysts have taken notice and believe the dry bulk sector is on the rise. Their data shows that transport rates for Capesize vessels handling dry bulk products have increased from $9,000/day to $28,000/day over the past 12 months. That is an increase of more than 300%, which translates into serious profits for investors in dry bulk shipping companies.
One of those companies is Star Bulk Carriers (Nasdaq: SLKK). This is a fast growing global shipping company that handles a full range of dry bulk products divided into two sections:
· Large bulk (e.g. coal, grains, ore)
Minor Bulk (e.g. sugar, cement)
Star Bulk Carriers was already the world leader in this field when it acquired competitor Eagle Bulk in the last quarter of 2023. This $2.1 billion transaction made Star Bulk Carriers the largest bulk carrier on the Nasdaq. It also allowed Star Bulk to expand its fleet, which now includes 161 ships of various sizes.
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