Posts
Cavalier Shipping insights on the current shipping finance market and recent events in the shipping space.
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Barbarians at the Gate?
Activist investors largely overlook the shipping industry, but that could begin to change as companies aggressively repay their loans while trading at steep discounts to their net asset value (NAV).
Why Vessel Prices Remain Stubbornly High
Just as inflation in everyday goods can persist when consumers have more disposable income, ship prices can remain elevated when their natural buyers—shipowners—are flush with cash.
Panamax Earnings Vs. Values
A core tenet of valuation theory: the price of an asset is the net present value of the cash flows it generates…unless that asset is a ship.