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Trade Turmoil Turns Ships Into a Mainstream Asset

A world economy jolted by three supply shocks in four years — the U.S.-China trade conflict, the pandemic and now Russia’s war in Ukraine — has helped turn shipping into something that seemed improbable before all the disruptions: a mainstream investment.

That’s one of the messages from Paul Somma, the founder of SonicShares, which launched the SonicShares Global Shipping ETF (ticker BOAT) in August. The fund tracks an index of more than 50 shipping stocks — about two-thirds of which handle containers and the other 35% are dry-bulk carriers and tankers.