Shipping Companies with High Yields
Here is a short list of some shipping and transport companies with great yields:
Eagle Bulk Shipping Inc. (EGLE): Current yield 11.3% (quarterly)
Eagle Bulk Shipping Inc. is the largest U.S. based owner of Handymax dry bulk vessels. Headquartered in New York City, we operate a modern fleet of vessels engaged primarily in the transportation of a broad range of major and minor bulk cargoes, including iron ore, coal, grain, cement and fertilizer, along worldwide shipping routes. Eagle Bulk’s fleet is comprised principally of Supramax class vessels, a larger and more efficient Handymax design that enjoys strong demand from customers around the world. (source)
Genco Shipping & Trading Ltd. (GSTL): current yield 7.9% quarterly
Genco Shipping & Trading Limited is an international ship owning company. We transport iron ore, coal, grain, steel products and other drybulk cargoes along worldwide shipping routes. Our wholly owned modern fleet of dry cargo vessels consists of Panamax, Handymax and Handysize vessels that provide an essential link in international trade. Ours is a global industry and Genco Shipping & Trading Limited is very well placed to serve it professionally and competitively. (source)
K-SEA Transportation Partners LP (KSP) current yield 7.1% quarterly
We are the largest coastwise tank barge operator, measured by barrel-carrying capacity, in the United States. We provide refined petroleum products marine transportation, distribution and logistics services in the U.S. domestic marine transportation business. With a fleet of 60 tank barges, 2 tankers and 41 tugboats, we serve a wide range of customers including major oil companies, oil traders and refiners. (source)