Wilbur Ross’s Next Big Investment Idea

Shipping is the next growth commodity sector, billionaire investor Wilbur Ross said Wednesday on CNBC's "Fast Money."

"Ships are a strange kind of commodity because they're very lumpy, very big individual units, but they're commodities," he said.

Ross said that it was a simple supply-demand play.

"Rates have come down around 80 percent," he said, adding that the industry had seen over-orders for seafaring vessels until the economic slowdown.

"That stopped," he said. "They haven't really been ordering for a while. And now because of the low rates, there's a lot more scrappage."

Ross said that the industry was poised for growth through next year.

"So, I think in 2013, they'll start to come more into balance and you'll finally have recovery sometime in 2014," he added.

Trader disclosure: On May 1, 2013, the following stocks and commodities mentioned or intended to be mentioned on CNBC's "Fast Money" were owned by the "Fast Money" traders: Guy Adami is long C; Guy Adami is long GS; Guy Adami is long INTC; Guy Adami is long AGU; Guy Adami is long MSFT; Guy Adami is long NUE; Guy Adami is long BTU; Steve Grasso is long AAPL; Steve Grasso is long ASTM; Steve Grasso is long BA; Steve Grasso is long BAC; Steve Grasso is long GDX; Steve Grasso is long GOOG; Steve Grasso is long LF; Steve Grasso is long LNG; Steve Grasso is long MHY; Steve Grasso is long MJNA; Steve Grasso is long PXD; Steve Grasso is long NVIV; Steve Grasso is long PFE; Steve Grasso is long S; Steve Grasso is funds long AAPL; Steve Grasso is funds long EMC; Steve Grasso is funds long MSFT; Steve Grasso is funds long HPQ; Steve Grasso is funds long NEM; Steve Grasso is funds long ZNGA; Karen Finerman is long AAPL; Karen Finerman is long BAC; Karen Finerman is long C; Karen Finerman is long JPM; Karen Finerman is long TGT; Karen Finerman is long GOOG; Karen Finerman is long JCP LONG PUTS, SHORT DEBT; Karen Finerman is short SPY; Karen Finerman is short IWM; Karen Finerman is short MDY; Anthony Scaramucci is long AAPL; Anthony Scaramucci is long WFC; Anthony Scaramucci is long YHOO; Anthony Scaramucci is long GOOG.