New for subscribers: Morgan Stanley names stocks that will win as global shipping industry bounces back. Check out CNBCPro today.
High demand for shipping containers has created a 'sweet spot' for the industry, according to analysts at Morgan Stanley .
, who expect three stocks in particular to fare well.The sector is emerging from one of the longest downturns in its history and demand is set to grow 7.7% year-on-year in 2021, the bank estimated. It comes after the shipping industry was hit hard by the blockage in the Suez Canal — which at its peak saw around
$9 billion worth of goods delayed every day— leading to a continued backlog in orders.One significant cost facing the industry is the investment required to tackle climate change, the Morgan Stanley analysts warned. But low-emission fuel technology and infrastructure are still "a few years away," they wrote, and in the meantime several firms are well-placed to benefit from rising demand.Read more: CNBC »
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Pro The only ocean shipping which is traded in NASDAQ is $ZIM, will be reporting amazing result since ocean freight rate has risen to historical level; it seems to last at least into Q3 of 2022 ! JonahLupton . Small cap, huge growth. Pro What ever happened to the JP Morgan Chase Coke boat?! 🤔
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