My shipping portfolio in numbers: I have been investing real money in tanker, LNG, LPG, and car carrier stocks for years. I currently hold 14 positions across the shipping sector — from TORM and Frontline to Hoegh Autoliners (my largest position). This hub page links all my analyses, rankings, and blog articles on the topic. No price predictions, no investment advice — just cashflow logic and real portfolio data.
My Shipping Portfolio: Real Numbers, Real Positions
| Stock (Ticker) | Shares | Avg. Cost | YOC | Unrealized Gain | My Take |
|---|---|---|---|---|---|
| Hoegh Autoliners (HAUTO) | 42 | $7.66 | 17.58% | +54% | Core position. Car carrier market structurally strong. Long-term hold. |
| Okeanis Eco Tankers (OET) | 10 | — | 16.59% | +112% | Eco-fleet VLCC pure play. Highest unrealized gain in the portfolio. |
| BW LPG (BWLPG) | 132 | — | 12.16% | +84% | LPG giant with 12%+ YOC. Dividend machine. |
| FLEX LNG (FLNG) | 83 | $26.97 | 10.74% | +3% | Time-charter cashflow locked into the 2030s. Predictable dividends. |
| Nordic American Tankers (NAT) | 95 | — | 10.61% | +95% | Suezmax pure play. Simple business, consistent payouts. |
| Frontline (FRO) | 31 | — | 10.10% | +99% | VLCC heavyweight. Nearly doubled. Variable dividend king. |
| DHT Holdings (DHT) | 11 | — | 9.83% | +75% | Conservative VLCC operator. 100% payout policy. |
| Hafnia (HAFN) | 25 | — | 9.73% | +48% | World's largest listed product tanker company. Fleet quality matters. |
| Dorian LPG (LPG) | 91 | $21.14 | 9.53% | +41% | VLGC leader. Strong FCF, YOC above quality threshold. |
| Global Ship Lease (GSL) | 10 | — | 9.00% | +51% | Container lessor. Fixed-rate charters = stable cashflow. |
| Int'l Seaways (INSW) | 20 | — | 6.75% | +86% | Most diversified tanker fleet. Base + variable dividend model. |
| TORM (TRMD) | 110 | $15.99 | 7.50% | +50% | Top product tanker pick. Young fleet, variable dividend. |
| ZIM Integrated (ZIM) | 49 | — | 5.83% | +65% | Container liner. Cyclical but explosive dividends in upcycles. |
| CMB.Tech (CMBT) | 267 | $8.46 | — | +30% | Green shipping play. Ammonia dual-fuel as catalyst. |
Real portfolio data from Marco Bozem. No total portfolio values — only percentages and share counts. YOC = Yield on Cost (dividend / cost basis). As of March 2026. Not investment advice.
My Thesis: Why Shipping Is the Best Dividend Sector
Most financial sites rank tanker stocks by current dividend yield. That misses the point entirely. My approach is different: I focus on Yield on Cost — the dividend relative to my actual purchase price. 10 of my 14 shipping positions deliver a YOC above 8%. BW LPG delivers over 12%. Hoegh Autoliners sits at 17.58%.
That means I am getting back more than 17% of my invested capital as dividends every single year — regardless of what the stock price does today.
What makes this hub different from other shipping lists:
- Real portfolio data instead of theoretical yields
- Focus on cashflow quality, not price appreciation
- Combination of crude tanker + product tanker + LNG + LPG + car carrier for diversification
- Hoegh Autoliners as the largest position — a segment that 95% of financial media ignores
- 14 positions across the entire shipping value chain, not just one sub-sector
Fundamentals: Hard Asset Guide · Shipping Stocks · Calculators
Rankings: Tanker & Shipping Stocks 2026
- Best Tanker Stocks 2026 — Hafnia, INSW, Frontline, Scorpio Tankers, Teekay Tankers ranked by dividend potential and fleet strength.
- Best LNG Stocks 2026 — FLEX LNG, Cool Company, Golar LNG. Time-charter cashflow and dividends compared.
- Top High-Yield Stocks 2026 — The highest-yielding positions across all sectors.
Blog Articles: Shipping Analyses & Portfolio Updates
- 6 Shipping Stocks for a Dividend Portfolio — My complete shipping lineup with entry prices and dividend tracking.
- Tanker Mixed-Fleet Analysis — Why I invest across different tanker segments simultaneously.
- Hidden Champions in Shipping — Stocks off the beaten path: BW LPG, Dorian LPG, Hoegh Autoliners.
- 3 Shipping Stocks with 10% Dividends — The three positions in my portfolio with the highest Yield on Cost.
- 3 LNG & Tanker Picks — My best picks for the LNG and tanker sector with cashflow analysis.
- Frontline vs. Scorpio Tankers 2026 — Head-to-head comparison of two tanker heavyweights.
- Tanker Charter Rates & Sanctions 2026 — How geopolitics and sanctions reshape tanker earnings.
- Shipping Consolidation: Avance & BW LPG — What the LPG merger wave means for investors.
- Green Shipping 2026 — The transformation towards ammonia, methanol, and dual-fuel vessels.
Shipping Segments Explained
The shipping sector is not a monolith. Each segment has its own cycles, risk profile, and dividend characteristics:
- Crude Tanker (VLCC, Suezmax, Aframax): Crude oil transport on long-haul routes. Highly cyclical, explosive dividends during upcycles. Examples: Frontline, DHT Holdings, NAT.
- Product Tanker (MR, LR): Refined products on shorter routes. Less cyclical than crude. Examples: TORM, Hafnia, Scorpio Tankers.
- LNG Carrier: Natural gas transport. Time-charter based = predictable cashflows. Examples: FLEX LNG, Cool Company.
- LPG Carrier (VLGC): Liquefied petroleum gas (propane, butane). Strong demand from Asia. Examples: BW LPG, Dorian LPG.
- Car Carrier (PCTC): Vehicle transport. Structural boom driven by EV exports from China. Example: Hoegh Autoliners.
- Container: Liner shipping. Highly cyclical but massive dividend payouts during booms. Examples: ZIM, Global Ship Lease.
More Hard-Asset Ideas 2026
Best Tanker Stocks 2026
Best LNG Stocks 2026
Top High-Yield Stocks 2026
Shipping Sector Overview
Dividend Strategy — The Complete Approach
BHP vs. Rio Tinto Comparison 2026
Disclaimer: Not investment advice. All content is for informational and entertainment purposes only. Always do your own research. All data without guarantee. Marco Bozem holds positions in all stocks mentioned on this page at the time of publication (HAUTO, FLNG, LPG, TRMD, BWLPG, CMBT, INSW, FRO, NAT, OET, DHT, HAFN, GSL, ZIM).