Which Shipping Stock Can Sail Further? KNOP or SFL
- Date: 27-Mar-2022
- Source: Nasdaq
- Sector:Financial Markets
- Country:Gulf
Which Shipping Stock Can Sail Further? KNOP or SFL
The shipping industry has had a phenomenal past couple of years. Driven by the persisting logistical bottlenecks created by the COVID-19 pandemic, containership and dry bulk rates have skyrocketed since 2020. As a result, companies in the space have started to pay growing dividends to investors amid record net income levels.
Today we are looking at two high-yield companies whose diversified fleets have historically produced robust cash flows and paid rich dividends, even before the ongoing tailwinds in the containership and dry bulk fields.
UK-based KNOT Offshore Partners LP (KNOP) owns and operates shuttle tankers under long-term charter contracts in the North Sea and Brazil. Specifically, the partnership provides transportation, loading, and storage of crude oil under time charters and bareboat charters. KNOT owns 17 vessels.
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