Freight and Fortune

Friday, July 18, 2025: Shipowning company OceanPal Inc. (Nasdaq: OP) closes at $1.64 per share. Monday, July 21, 2025: OP crashes by 62% in one day and closes at $0.63 …

The global shipping industry is one of the closest real-world examples of a perfectly competitive market—where price is entirely set by supply and demand. No single authority can monitor and …

Surface level: investing in aircrafts and ships have a lot in common. Both asset types are capital intensive, trade globally across multiple legal jurisdictions, and earn returns broadly linked to …

While it is far from the worst of times for shipping markets, it may well be the worst of times to be a shipping investor. How can that be? Shipping …

The go-to university classroom example of foreign direct investment (FDI) used to be an American company building a factory overseas. Under the second Trump administration, take that example and reverse …

On April 30, Senators Mark Kelly (D-AZ) and Todd Young (R-IN) and Congressmen Trent Kelly (R-MS-1) and John Garamendi (D-CA-8) reintroduced the SHIPS for America Act, potentially reshaping U.S. maritime …

I’m thrilled to be featured in TradeWinds’ 25 New Faces list, as one of the people they’ve picked as “shipping’s next generation news makers and market movers.” Thanks to Joe …

One of the pillars of the SHIPS for America Act is the creation of a 250-vessel Strategic Commercial Fleet (SCF) of U.S.-built and U.S.-flagged ships. The SHIPS for America Act …

If you’ve worked in ship finance over the past decade, you’ve seen the dominant trend of European banks scaling back their shipping portfolios. New sources of debt capital have come …

The United States is the undisputed capital of global finance. The U.S. dollar is the world’s reserve currency. The largest stock exchanges are in New York. The U.S. has a …

Cavalier Shipping is featured in today's The New York Times article "U.S. Ships Championed by Trump Cost 5 Times as Much as Asian Ones", authored by Peter Eavis— "An order …

Stating the obvious: the U.S. wants more American-built ships. Less obvious: how many ships can America’s biggest shipyards build? In the past decade, large ocean-going commercial vessels built in America …

Beginning in April 2029, the Office of the United States Trade Representative (USTR) will enforce a requirement that 1% of all liquified natural gas (LNG) exports from the U.S. be …

To shipping investors, “buying steel” typically means buying a vessel. The informal statement “buying steel” will have an even deeper meaning in the U.S. as the steel industry continues to …

Marine Money Week 2025 was, as always, the singular occasion in shipping to reconnect with global friends in the industry and synthesize perspectives on shipping’s next big area of opportunity–U.S. …

The past year’s renewed focus on bolstering American shipbuilding capacity inspired a slew of shipping deals and investments. Interestingly, the most active players came from outside of the U.S., looking …

On Friday June 20, EuroHoldings Ltd. (NASDAQ: EHLD) closed at $6.61 per share. The next day, the Pittas family sold 51.04% of their EHLD shares for $12.90 per share. EHLD’s …

In one week, the U.S. domestic shipping industry had two major mergers and acquisitions (M&A) headlines. Family office Redwood Holdings announced its agreement to acquire Canal Barge and its fleet …

Most oil majors avoid chartering vessels aged 15 years or older. Yet, ExxonMobil employed the 44-year-old MR product tanker the “Challenge,” built in 1981 at Avondale Shipyard in Louisiana, USA. …

Earlier this week, Heidmar Maritime Holdings Corp (NASDAQ: HMR) purchased the “feeder” container ship A. Obelix from Capital Maritime Management (Capital). Capital through an affiliated company owns 45.1% of HMR. …

Investing in shipping today is hard. Asset prices are high, vessels earnings are OK, and there’s a lot of cash sloshing around the sector from shipowners’ windfall profits earned during …

The appetite to participate in the U.S. maritime sector’s revival has been insatiable over the past few months. I’ve heard from seemingly everyone—real estate developers, private equity funds, family offices, …

In shipping, business is often all in the family–especially in Greece. As with any family business with succession plans, the older generation ultimately hands the reins to the younger generation. …

Large Korean conglomerate Hanwha became firmly intertwined in the American shipbuilding sector’s revival when it acquired Philly Shipyard. Now Hanwha’s doubling down on U.S. shipping by ordering a new LNG …

The shipping industry is moving steadily towards a lower-emission future, with Liquefied Natural Gas (LNG) playing a pivotal role—thanks to the International Maritime Organization’s (IMO) Marine Environment Protection Committee approval …