Shipping Stocks at a Crossroads Amid Their Best Rally in Decades The shipping sector has long been a behind the scenes player in global commerce, but recent events have thrust it into the spotlight.
The Strait of Hormuz remains a hotbed of tension, where oil tankers have been forced to take longer routes due to Iranian aggression.
This crisis has created a perfect storm for shippers, pushing up insurance costs and tightening the effective supply of vessels. Shipping stocks are enjoying their best rally in decades, with a basket of 35 U. S.