Shipping Benefits from Falling Fuel Costs
The recent slide in bunker prices has allowed owners to operate their ships at more profitable levels
The Shipping Industry has recently benefited from falling oil prices. Fuel has always been a major cost for shipping companies, and the recent slide in prices has allowed them to operate at more profitable levels.
The United States Oil Fund (USO) this year has fallen nearly 23 percent, while the Guggenheim Shipping ETF (SEA) is up over 6 percent over the same period according to a recent Paragon Report that examines investing opportunities in the Shipping Industry and provides equity research on DryShips Inc. and Eagle Bulk Shipping Inc.