The following video is part of our "Motley Fool Conversations" series, in which Austin Smith, consumer goods editor and analyst, and Brendan Byrnes, industrials editor and analyst, discuss topics across the investing world.

In today's edition, they discuss how there is opportunity in this industry, and Warren Buffet has even stated that he is bullish on it (and owns a major player in it). The sector may seem dull, but these are solid and steady dividend producers that should be around for the foreseeable future. Shippers, on the other hand, are suffering from an oversupply problem. They are also very vulnerable to global economic slowdowns, and it doesn't help that three of the major dry bulk shippers are based out of Greece.

CSX and Union Pacific look like solid long-term picks going into the future, but if you'd like to take a look at the one company that our Chief Investment Officer picked out for explosive growth in 2012, check out our newest free report, "The Motley Fool's Top Stock for 2012." It highlights a company that is revolutionizing commerce in Latin America. You can get instant access to the name of this company by clicking here -- it's free.

This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium advisory service. We’re motley! Questioning an investing thesis -- even one of our own -- helps us all think critically about investing and make decisions that help us become smarter, happier, and richer.