|Bid||6.78 x 1800|
|Ask||6.79 x 4000|
|Day's Range||6.68 - 6.82|
|52 Week Range||5.85 - 14.37|
|Beta (5Y Monthly)||1.21|
|PE Ratio (TTM)||N/A|
|Earnings Date||Feb 16, 2021 - Feb 22, 2021|
|Forward Dividend & Yield||0.60 (8.71%)|
|Ex-Dividend Date||Dec 11, 2020|
|1y Target Est||10.31|
Many of the world's biggest lenders to shipping companies fell short of carbon-cutting targets last year in the first analysis of CO2 goals for the sector by financiers, a report showed on Wednesday. Global shipping accounts for nearly 3% of the world’s CO2 emissions and the industry is under pressure to reduce those emissions and other pollution. Last year, a group of leading banks signed up to environmental commitments known as the Poseidon Principles, whereby financiers take account of efforts to cut CO2 emissions when providing loans to shipping companies.
The shipping industry includes companies that transport cargo around the world, all the way from grains to apparel to electronics to appliances. The shipping industry has been heavily impacted by the COVID-19 pandemic and has underperformed the broader market. In the past year, the Dow Jones Global Shipping Index has provided total returns of 11.5% compared with 21.5% for the Russell 1000. Total returns data is as of December 9 and all statistics below are as of December 10, 2020.
Many prominent investors, including Warren Buffett, David Tepper and Stan Druckenmiller, have been cautious regarding the current bull market and missed out as the stock market reached another high in recent weeks. On the other hand, technology hedge funds weren’t timid and registered double digit market beating gains. Financials, energy and industrial stocks aren’t doing […]