Posts

Cavalier Shipping insights on the current shipping finance market and recent events in the shipping space.

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James Lightbourn 5/2/25 James Lightbourn 5/2/25

Revisiting Dryships’ 2019 Take-Private: NAV Arbitrage vs. Timing the Cycle

You’ve probably heard this one before: An economist and his friend are walking down the street when they see a $20 bill lying on the ground. The friend bends down to pick it up but the economist says, “Don’t bother. If it were real, someone would have already picked it up.”

James Lightbourn 4/30/25 James Lightbourn 4/30/25

The 2025 Shipping IPO You Didn’t Hear About

With current uncertainty around global trade given the U.S. administration’s policy disruptions, now seems like an odd time for a shipping company to pursue a public listing in New York.

James Lightbourn 4/23/25 James Lightbourn 4/23/25

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).

James Lightbourn 4/4/25 James Lightbourn 4/4/25

Investing, Trading, or Gambling?

Is the role of a public shipping company to compound value over time, or to simply serve as a trading vehicle for investors looking to opportunistically play the industry’s infamous cycles?