Shipping Captains

Index : 1,391 | 1Yr : +20.25% | 1Mo : +2.26%

Category : Sectoral Trackers

Min Investment : 2,363

Sharpe Volatility Trend

More than 90 percent of India's trading volumes is done through maritime transport but less than 7 percent of the domestic cargo is moved by coastal shipping despite its cost advantages. The Government of India has encouraged 100 percent FDI under the automatic route to build ports, harbours and their maintenance. It has also declared a 10 year tax holiday to companies that develop and operate inland ports and waterways. The scale of investments and government's measures show that this sector is a priority and is most likely to witness growth in the future as a result of the policies. With a possibility to end the monopolistic Tariff Authority for Major Ports (TAMP), a level playing field for the 12 major ports owned by the union government and non-major ports which are owned by the state governments is likely to allow the industry and private players to flourish.

The Shipping Industry is directly dependent on the Economic activity of the country and the world. The shipping rates are indicated by the Baltic Dry Index (BDI) which is also an economic indicator of global demand & supply trends and is often considered a leading indicator for future economic growth. The prolonged downtrend in the shipping industry might reverse when economies will turnaround and grow steadily in the long-term. Invest in the most prospective companies that can capture this expected future growth.

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