Shipping ETF: Asia’s Largest Shipper Provides A Grim Outlook
March 30, 2011 at 01:14 AM EDT
The glut in shipping vessels and diminished demand for shipped goods could spell bad news for the shipping exchange traded fund (ETF). Meanwhile, Asia markets rally on the heels of U.S. stock gains. China Cisco Holdings Co., Asia’s biggest shipper by market value, projects a 32% drop in...
