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But supply chain issues persist and are expected to last longer than expected. While many companies have been harmed by supply chain issues, shipping companies are expected to benefit because they can exploit strong demand as worldwide trade surges and raise freight prices. According to a Drewry report, container shipping pre-tax profit for 2021 and 2022 could be as high as $300 billion. The industry brought in a mere $25.40 billion in 2020.
Given this backdrop, we think it could be wise to invest in quality shipping stocks A.P. Møller – Mærsk A/S (AMKBY), ZIM Integrated Shipping Services Ltd. (ZIM), and Safe Bulkers, Inc. (SB). They each possess a solid combination of growth attributes and fundamental strength.
