Capital Link Shipping, a New York based investor relations and adivsory firm, today is announcing the launching of a set of indices to track the different classes of shipping stocks. Here is a listing of the new indices:
Capital Link Maritime Index
Capital Link Tanker Index
Capital Link Drybulk Index
Capital Link Container Index
Capital Link LNG/LPG Index
Capital Link Mixed Fleet Index
Capital Link MLP Index
The components of the indices all trade on the U.S. stock exchanges. Component values in the indices will be market cap weighted and updated at the end of each trading day.
I think these indices will be a great tool for investors. Until this development the most used source of shipping information were the Baltic indices. These are shipping cost trackers and their results on the Baltic exchange do not always translate to shipping stock values.
I have divided up the shipping stocks I watch in a similar manner to the categories listed above. My differences is that I have included the LNG/LPG in with the tankers and I did not think of making the MLP stocks a separate category. Great idea! It is interesting to me that the over Maritime Index has 42 stocks, the same number I track. However, a quick scan of the stocks revealed some differences and I want to do a line by line comparison.
My email exchange with Capital Link President, Nicolas Bornozis, gave this site free rein to use the index information as it suits me to inform the readers here. I plan to do just that.
I will close with some good links about the indices:
New Shipping Stock Indices unveiled today
Capital Link Shipping, a New York based investor relations and adivsory firm, today is announcing the launching of a set of indices to track the different classes of shipping stocks. Here is a listing of the new indices:
The components of the indices all trade on the U.S. stock exchanges. Component values in the indices will be market cap weighted and updated at the end of each trading day.
I think these indices will be a great tool for investors. Until this development the most used source of shipping information were the Baltic indices. These are shipping cost trackers and their results on the Baltic exchange do not always translate to shipping stock values.
I have divided up the shipping stocks I watch in a similar manner to the categories listed above. My differences is that I have included the LNG/LPG in with the tankers and I did not think of making the MLP stocks a separate category. Great idea! It is interesting to me that the over Maritime Index has 42 stocks, the same number I track. However, a quick scan of the stocks revealed some differences and I want to do a line by line comparison.
My email exchange with Capital Link President, Nicolas Bornozis, gave this site free rein to use the index information as it suits me to inform the readers here. I plan to do just that.
I will close with some good links about the indices:
Have a profitable week