shipping stocks: Airlines have a cousin called shipping: A few survivors & winner takes it all

Synopsis

There are some industries in which many players enter with much fanfare but the majority of them don’t survive for long. Both airlines and shipping companies fall in this category. Why do they enter? Because imagine a world without airlines and shipping, so size and need is huge. Problem lies elsewhere. The promoters need to conserve cash when going is good and that is where they exactly fail

While airlines are known globally not to make money and take investors down, shipping companies are not very different, but they don’t hit the headlines. However, there was a time when shipping used to witness similar phenomena that too at global levels. But the little difference in the basic nature of how the shipping and airlines operate ensures that players who are able to survive in shipping bad times are able to grow and become industry

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