The Port of Baltimore is one of the major ports on the East Coast of the U.S., and has historically been a significant point for the export of coal. However, to be able to access the port, ships would have needed to go under the Francis Scott Key Bridge. This is now a problem since the bridge collapsed several weeks ago after a cargo ship collided with it. Now, the Baltimore port risks being backed up, leading investors to look at which coal stocks to sell. The attractiveness of coal stocks has
Black Bear Value Partners, an investment management firm, published its first quarter 2024 investor letter, a copy of which can be downloaded here. Black Bear Value Fund returned +3.4% in March and is up +4.6% YTD and the S&P 500 returned +3.2% in March and +10.6% YTD. HFRI Value Index returned +2.9% in March and +4.6 […]
The Dali containership stuck under Baltimore’s collapsed Francis Scott Key Bridge may remain in place for weeks, blocking shipping at one of the U.S.'s busiest ports. Here’s what that means for major industry supply chains.