Is The Rebirth Of Shipping Share Offerings Finally Nigh?
The Wall Street "window" for offerings of shipping securities rarely opens that wide. At least in recent years, it has generally granted a narrow sliver to slip through, providing just enough opportunity for the fleet-footed to either raise capital via sales to new investors or, for existing investors who'd rather exit, to flee before it slams shut again. The high-profile spike in tanker rates in October garnered enough headlines and piqued enough investor interest to pry that capital-market window open yet again. After months of silence, there's renewed activity on Wall Street. There's also a concurrent move by some legacy investors to use this opportunity to cash out, which raises the question: If they're so anxious to escape, what's the point of entering? Investors Seeking To Buy In Freight rates are now well above breakeven for crude tankers, product tankers, liquefied petroleum gas (LPG) carriers, liquefied natural gas (LNG) carriers, container-ship lessors and even dry bulk, despite dry bulk's slide slide since early September.
Is The Rebirth Of Shipping Share Offerings Finally Nigh?
The Wall Street "window" for offerings of shipping securities rarely opens that wide. At least in recent years, it has generally granted a narrow sliver to slip through, providing just enough opportunity for the fleet-footed to either raise capital via sales to new investors or, for existing investors who'd rather exit, to flee before it slams shut again. The high-profile spike in tanker rates in October garnered enough headlines and piqued enough investor interest to pry that capital-market window open yet again. After months of silence, there's renewed activity on Wall Street. There's also a concurrent move by some legacy investors to use this opportunity to cash out, which raises the question: If they're so anxious to escape, what's the point of entering? Investors Seeking To Buy In Freight rates are now well above breakeven for crude tankers, product tankers, liquefied petroleum gas (LPG) carriers, liquefied natural gas (LNG) carriers, container-ship lessors and even dry bulk, despite dry bulk's slide slide since early September.