Comment on Better Shipping Stock to Buy: Seaspan Corporation vs. Diana Shipping

Better Shipping Stock to Buy: Seaspan Corporation vs. Diana Shipping

It would be understandable for investors to approach the shipping industry with caution, especially after years of misery, but this time really might be different. Key industry metrics reported during first-quarter 2018 business updates, including the supply of available ships (at a multiyear low) and the number of ships on backlog (at a historic low), provide confidence that steadily rising rental rates aren't going to slide backwards anytime soon. That helps to explain why shares of Seaspan Corporation (NYSE: SSW) and Diana Shipping (NYSE: DSX) are up 36% and 28%, respectively, since the beginning of April.

 

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