Breaking News
0
Ad-Free Version. Upgrade your Investing.com experience. Save up to 40% More details

Castor Maritime vs. Matson: Which Shipping Stock is a Better Buy?

Stock MarketsMay 06, 2021 03:30PM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
© Reuters. Castor Maritime vs. Matson: Which Shipping Stock is a Better Buy?

The shipping industry was deeply affected by the COVID-19 pandemic. But global ports are witnessing rising traffic this year and there is a shortage in the supply of shipping containers, which signals increasing demand. Amid this turnaround, we think it could be wise to evaluate two established players in the shipping industry—Castor Maritime (CTRM) and Matson (NYSE:MATX)—to determine which of these two stocks is a better buy now. Read on for such an evaluation.Castor Maritime Inc. (CTRM) and Matson, Inc. (MATX) are two established players in the shipping industry. They provide ocean transportation services. Based in Cyprus, CTRM provides seaborne transportation services for dry bulk cargo, including iron ore, coal, grains, steel products, fertilizers, cement, bauxite, sugar, and scrap metals. MATX, headquartered in Hawaii, operates through two segments: Ocean Transportation and Logistics.

Shipping companies were hit severely by the COVID-19 pandemic owing to global travel restrictions and and industrial production slowdown. But many of them appear to now be on a path of recovery this year. According to Statista, roughly 80% of the goods are transported by ships. Because the industry is expected to benefit from the recovery of international trade this year, we think it could be wise for investors to investigate the prospects of CTRM and MATX.

While MATX has returned 76.8% over the past nine months, CTRM has gained 127.5%. In terms of past six-month performance, CTRM is a clear winner with 274.5% returns versus MATX’s 18.4%. But which of these two stocks is a better pick now? Let's find out.

Continue reading on StockNews

Castor Maritime vs. Matson: Which Shipping Stock is a Better Buy?
 

Related Articles

Avoid This Recently Downgraded Cannabis Stock
Avoid This Recently Downgraded Cannabis Stock By StockNews - Jun 16, 2021

Canadian cannabis operator Tilray (NASDAQ:TLRY) has benefited significantly from the booming cannabis market. However, the stock has recently been downgraded by CIBC given...

Is Trinity Industries Setting Up for a Big Move?
Is Trinity Industries Setting Up for a Big Move? By StockNews - Jun 16, 2021

Trinity Industries Inc. (NYSE:TRN) has been trading in a sideways range since March. While in the range, the stock has formed a resistance line and a support line. If the stock...

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Continue with Google
or
Sign up with Email