Shipping delays persist throughout the supply chain with many anecdotes of packages arriving considerably late. However, shipping stocks have been doing considerably well lately. The Acadiana Advocate reported on a consumer paying $20 for next-day shipping yet not receiving her package for a week. This is just one of the countless cases of packages taking far longer than usual to be delivered.

These delays are problematic for consumers and manufacturers alike. But where there is a problem, there can also be an opportunity. For instance, shipping stocks have done quite well, with some seeing 1-year returns of several hundred percent.

No one knows exactly when supply chain disruptions will clear up, but experts believe it will take a while. 2022 could still see significant shipping delays. In order to take advantage of the boom in shipping investment, here are our shipping stocks to buy:

shipping stocks to invest in.

Best Shipping Stocks to Add to Your Portfolio

Here, we’ll outline why the shipping stocks we picked are some of the best ones to consider adding to your portfolio.

Danaos

Based in Greece and named after a Greek mythological figure said to have built the first ship, Danaos owns large-size containerships. The company owns large-size containerships. It charters its containerships on long-term fixed-rate contracts with large liner companies. Some of its ships are as large as 5 X 13,100 twenty-foot equivalent units (TEU).

Danaos (NYSE: DAC) has done quite well since the pandemic. Its market cap is around $1.5 billion with a P/E ratio of just 1.55 and an earnings per share (EPS) of 45. It also has a dividend yield of about 3.66%. The stock is likely to grow modestly over the next 12 months. However, over the past year, it has gone from around $60 per share to more than $80. Its net income is up significantly year-over-year (YOY).

Euroseas

Euroseas is a shipping company based in Athens, Greece. It has a sizable fleet of container carriers on the water with more under construction. The deadweight tonnage (DWT) of its largest container is over 72,000 and it will be adding two more vessels with over 37,000 DWT each. Most of its carrier containers are feeder types, and both of the under-construction carriers are feeders.

Euroseas stock (Nasdaq: ESEA) is a shipping stock to buy because it is up more than 100% over the past year. It has a market cap of $229 million and a P/E ratio of 5.19. Its EPS is 3.15. This stock is considered undervalued and thus, some analysts expect it to grow 50% or more over the next year. Euroseas has increased its net income by more than 3,800% YOY. Its profit margin for last quarter was 45.76% compared to just 4.78% in Q4 2020.

Shipping Stocks to Buy: EuroDry

As you may have guessed, EuroDry is a shipping company that operates dry bulk carriers. Its carriers ship iron ore, coal, grains and other minor bulks. The company is based in Athens and was founded in 2018. It currently operates a fleet of 9 dry bulk vessels with DWT as high as 82,000.

EuroDry stock (Nasdaq: EDRY) has a market cap of $80 million. Its P/E ratio is 3.96 and its EPS is 1.95. The stock is up nearly 50% in the past year. And some analysts expect it to increase more than 100% over the next 12 months. Fidelity says the stock is undervalued and has a growth stability rating of 98 out of 100. Plus, its net income is up more than 1,000% YOY and it posted a 57.42% net profit margin last quarter, which is a 469% increase YOY.  

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