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Global shipping does not dominate the headlines such as Big Tech or AI, but it is a mission-critical link in the global trade chain. This business sector has been building fortunes for investors for centuries, and that trend continues today. This helps explain why Deutsche Bank analysts are in love with a global shipping stock that pays a double digit dividend.
Global shipping is, just like real estate, an industry with numerous different sectors. Although the most recognizable global shipping sector can be the flow of end products, from China to Europe and America, the transport of raw materials such as iron ore and aluminum is also very lucrative. This is known as the “dry bulk” sector, and it pays investors great dividends, because without this the worldwide production would come to a halt.
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Deutsche Bank analysts have noticed and believed that the dry-bulk sector is increasing. Their data shows that shipping rates for the Capesize ships that deal with dry bulk products have gone from $ 9,000/day to $ 28,000/day in the last twelve months. That is an increase of more than 300%, which translates into serious profit for investors in dry bulk suspension companies.
One of those companies is Star Bulk Carriers (Nasdaq: SBLK). This is a fast -growing global shipping company that processes a full range of dry bulk products that are split into two sections:
· Major bulk (eg cabbage, grains, ore)
· Minor bulk (e.g. sugar, cement)
Star Bulk Carriers was already a world leader in the field when it acquired competitor Eagle Bulk in the last quarter of 2023. This transaction of $ 2.1 billion made Star Bulk Carriers the largest bulk difference society on the Nasdaq. It also allowed Star Bulk to expand his fleet, which now contains 161 ships of different sizes.
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