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Marine Shipping Seen Returning 59%, Rivaling Alibaba: Freight

2014-10-24 17:59:26| Appliances - Topix.net

U.S. marine shipping stocks are poised to see their shares climb 59 percent in the next 12 months, outshining the 35 percent gain on the first day of Alibaba Group Holdings Ltd.'s initial public offering last month. The gain for shippers that ferry crude between U.S. ports and carry liquefied natural gas and dry goods such as coal around the world would be the most of any sub sector in the Russell 3000 Index, according to estimate data compiled by Bloomberg.

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