What is driving the significant demand to borrow shares in the global shipping companies that ferry essential commodities around the world? The Baltic Dry index, which measures dry bulk shipping activity, has halved in value since September. Yet Reuters notes the recent decision by China to hike electricity prices for the first time in two years should stimulate local demand from the world’s largest coal consumer – a good thing for the shipping companies. We look at investor sentiment towards US listed shipping groups including: Genco Shipping and Trading (NYSE:GNK), Overseas Shipholding Group (NYSE:OSG), Nordic American Tanker Shipping (NYSE:NAT), Daina Shipping Inc (NYSE:DSX) and Navios Maritime Partners (NYSE:NMM).
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