Jamie Carter, manager of the SWMC Small Cap European fund, says the shipping sector, and more specifically the oil tanker market, has become a surprise success story of fluctuating oil prices in recent years
Global trade is, put simply, totally dependent on the shipping industry. Shipping is almost incomprehensibly vast and covers a myriad of sins. Just about everything is transported by sea, and there are at least 20 million containers crossing the world at this very moment. Though each sub-sector has its own very specific drivers, there are, however, many common threads. At its most basic the cycle is led by economics lesson one, supply and demand; how much paraphernalia there is to be moved (and how far) set against how many ships there are around that can do it. This drives the ra...
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