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).
Style Drift: The Cost of Teekay and Scorpio’s Foray Into Other Tanker Stocks
What should a public tanker company do with its excess cash in today’s market? The answer for two prominent tanker companies: invest in other publicly listed tanker companies.
Comparing Public and Private Shipping Company Valuations
Public shipping companies’ end valuations are far more variable than private shipping companies’, since the latter group doesn’t have the constant mark-to-market pricing mechanism of public markets–P/NAV–as a factor.