Attacks by Yemen’s Houthi militants on ships in the Red Sea, which it says are a response to Israel’s assault on the Gaza Strip, are disrupting maritime trade as freight firms reroute around the Cape of Good Hope to avoid the Suez Canal, reported Reuters. Some publicly traded marine transportation shipping stocks include Seanergy Marine (SHIP), OceanPal (OP), TOP Ships (TOPS), Torm plc (TRMD), Star Bulk Carriers (SBLK) and Eagle Bulk Shipping (EGLE).
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on SHIP:
- Seanergy Maritime Announces Share Capital Accretion Plan and Open Market Stock Purchases by the CEO
- Seanergy Marine announces share capital Accretion plan, CEO stock purchases
- Seanergy Maritime Releases its 2022 Environmental, Social and Governance Report
- Seanergy Marine reports Q3 adjusted EPS (14c) vs 42c last year
- Seanergy Maritime Reports Financial Results for the Third Quarter and Nine Months Ended September 30, 2023 and Declares Dividend of $0.025 Per Share