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The industry is projected to generate operating profits of nearly $35 billion in 2021. The continuing high levels of demand and steady increase in both spot and contract rates are expected to boost the shipping industry substantially in the near term.
Given this backdrop, we think of Wall Street analysts’ favorites, Genco Shipping (NYSE:GNK) & Trading Limited (GNK), Navios Maritime Partners L.P. (NYSE:NMM), Euroseas Ltd . (ESEA), and EuroDry Ltd. (EDRY), could be solid additions to one’s portfolio.
