SHIPPING COMPANY GAINS AS CHARTER RATES INCREASE DUE TO WAR IN WEST ASIA

India's largest private shipowner

is benefiting from the war in West Asia as global chartering rates have almost doubled in the past few weeks. The company has a fleet of 38 ships, which includes 26 tankers and 12 dry bulk carriers. It is using high spot market exposure to capitalize on increased global charter rates. The company's strategic fleet positioning and successful navigation of blockaded waters have seen a 27% surge in the stock price despite a broader market correction. Currently trading at a P/E of less than 10, the company has delivered good profit growth of 85% CAGR over last 5 years as well as maintained a strong dividend payout, making it a good potential for long term investing and regular dividend income.