One of the worst hit sectors in the current economy slowdown. The shipping index has fallen 55% in past 6 months as compared to 38% fall in Sensex.
The fall in prices of shipping stocks happened mostly due to negative impact of weakening global trade and the decline in spot shipping freight rates. The freight rates are the money/rent received by the shipping company for transportation of goods. The shipping freight rates has reached peak in the month of July 2008 at around $119,720 per day especially in the transportation of crude oil. But they have come off significantly down from their peak in the third quarter.

The broad level usage of ships
The ships mostly transport following at the domestic as well as at international levels,
1. Crude oil
2. Gases and petroleum products
3. Metals like iron core etc. and many more.
Shipping Industry Stocks
Please Note - Markets are still bearish due to economic recession all over the world including India so buying in steps is recommended instead of buying in bulk in single trade.

Currently following stocks are trading at low valuations -
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So taking into consideration above all products and other their prices have been declined significantly and hence the shipping freight charges.
Like crude oil which was at $140 in the mid of last year. It is currently at below $40 this is due to slow down in consumption all over the world which in due to recession in the economy.
But once this recession starts recovering automatically the prices of all metals, crude oil etc. will start increasing and hence the shipping freight charges will also increase.
And once the freight charges increases the profit of the shipping companies will increase.
But the stock prices will increase before increasing the profits of the companies because generally in the share market the stock prices always trade at the discount before the bad news enters. So investors looking for long term excellent returns can think of battered (currently) shipping sector which will provide excellent returns in next 3 to 5 years.
1. GE Shipping
    CMP - Rs.172
    Buying Price - Near Rs.50
    Target - above Rs.90
    Period - 2 to 3 years

    Taking into consideration Rs.172 as buying price following are the returns
    45% Target acheived in month of June 2009. It went high till Rs 316.45
    on 03 June 2009    (Updated - 03 June 2009)


2. Shipping Corporation of India Ltd
    CMP - Rs.78
    Buying Price - Watch its support at Rs.150 after breaking this level further
    downside is expected near or below 150.
    Target - above Rs.225
    Period - 2 to 3 years

3. Varun Shipping
    CMP - Rs.44.25
    Buying Price - The stock has taken support of Rs.37, if it breaks this level
    further downside is expecetd near Rs.37 or below
    this price. 
    Target - above Rs.60
    Period - 2 to 3 years

    Taking into consideration Rs.39.65 as buying price following are the returns
    42% Target acheived in month of June 2009. It went high till Rs 69.40
    on 03 June 2009    (Updated - 03 June 2009)

4. Mercator Lines Ltd
    CMP - Rs.27
    Buying Price - The stock has taken major support level at Rs.20
    Target - above Rs.40
    Period - 2 to 3 years
   
    Taking into consideration Rs.21 as buying price following are the returns
    72% Target acheived in month of June 2009. It went high till Rs 76.75
    on 03 June 2009    (Updated - 03 June 2009)
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