Asif Suria on X
The situation reminds me of Tidewater $TDW (without the flip-flopper angle). I recently exited Tidewater from the model portfolio and my personal portfolio: https://t.co/6wmo91Ep9E
Sector
Shipping
Everything our editor has picked under this sector, best first.
33 stories
DHT Holdings: Cheap While Earning A Million+ Dollars A Day And Paying It All To Shareholders
DHT Holdings earns more than $1 million daily from VLCC tankers, with Q3 EPS near $1.25 and a 20% annualized yield as spot rates outpace…
Melissa Tucker 4 clicksCalvin Blissett on X
$CNRD: M cap $145m, net cash $28m. $28.83 stock. One of the few specialized ship makers left. Q3 2025 footnotes whow change in severance comp indicating a sale and foudning family estate planning. Sale at 8x 2025 EBITDA yields $54-$55 share price. Won a partnership with Samsung recently. Contract won May 13th is $25m min over next 3 years. Backlog $293m. $3.6 a share in FCF in Q2 2026 alone (stock at $28.83). Founding family involved. Current administration likley to spend more $ on shipbuilding (Fact Sheet: President Donald J. Trump Restores America’s Maritime Dominance – The White House). (Navy shipbuilding stands to get $27 billion in funding in 2026 - Defense One).
A Capital on X
Long $ECHO / Short $SPCX looks interesting here…
SG on X
@GardinerIsland also worth noting that $BWET is 90% one tanker route. It is not a clear reflection of global tanker margins.
Calvin Blissett on X
Good news, however if you are following this please keep cash around as when it is ‘officially’ announced arbs exiting will likely sell it down a good chunk. $ZIM https://t.co/CeQ6985wr9
Calvin Blissett on X
$ZIM https://t.co/CrOJ7BsCfY
Ardmore Shipping: The Yield Is Real, But The Easy Money Is Gone
Ardmore Shipping's Q2 yield reached 18% on exceptional tanker rates, but normalized earnings support a yield closer to 9% as orderbook…
SiliconBytes Insights 2 clicksCalvin Blissett on X
Given today’s $ZIM news that the improved offer has been submitted, likely delaying closing of the same $35 acquisition to 1H 2027 I think it is even more relevant to understand why this is a good thing, which I explain in the attached article as well as backing it up with some facts and figures
EuroDry: Strong Prospects But Downgrading On Valuation Concerns - Hold
EuroDry shares rose more than 300% year to date as dry bulk markets strengthened, but an aging fleet, no dividend and a $20 million equity…
Henrik Alex 4 clicks
Navios Maritime Partners: Significant Upside Still Ahead
Navios Maritime Partners targets $150-plus per unit by late 2027 as dry-bulk cargo demand, fleet scarcity and $200 million of buybacks…
J Mintzmyer 1 click
BW LPG: A 10-12 Month Buy Before New Supply Catches Up
BW LPG has Q3 VLGC rates mostly fixed at $88,000 a day against a $24,900 breakeven, supporting elevated earnings and dividends before new…
High Alpha Professor Deep Sail Capital on X
Trading around $BWET has been crazy with +10% moves pretty regularly. One of the more interesting ETF situations that I have come across. https://t.co/KmOjtlbCUR
A special situation with a 23% spread (110% IRR) by Q4 2026. Where the worst-case scenario is the deal closing and upside is higher if it doesn’t
ZIM’s proposed deal carries a claimed 23% spread and 110% IRR by Q4 2026, with Q3 and Q4 dividends potentially raising returns if closing…
ZIM Integrated Shipping Services: Strategic Crossroads - Acquisition Or Dividend Bonanza Ahead
ZIM faces Israeli review of Hapag-Lloyd’s $35-per-share bid, with $2.46 billion cash and elevated transpacific rates supporting potential…
Melissa Tucker 
Tsakos Energy Navigation: Watch Those Oil Prices
Tsakos Energy Navigation benefits from higher oil prices and stronger tanker sentiment, but faces long-term demand destruction and…
Long Player 
Imperial Petroleum: Buy On Strong Prospects And Substantial Share Repurchases
Imperial Petroleum's record Q2 cash generation, major share repurchases and a $32 million Suezmax sale gain set up another record quarter.
Henrik Alex 3 clicksSG on X
Here's what I don't understand about $BWET : - the fund supposedly invests in exchange-cleared freight futures, not swaps tied to a freight futures index. See below from the latest 10-Q for the commodity trust, available on the fund docs page. - when I look up the futures I see no volume at all on CME, and I can't find an actual derivatives (not just index) quote on Bloomberg that shows volume traded - if the freight futures barely trade on exchange, what happens when the ETF needs to buy futures to issue shares or sell futures to redeem? What % of the OI in the lead months does the ETF own? - Is the underlying Ras Tanura to Ningbo specification for the futures accounting for ~90% of holdings relevant right now with pipeline diversion and tankers going dark through the strait? Without this information it seems impossible to even guess at how crazy things could get should the ETF see a lot of buy or sell interest. cc: @DryBulkETF @TheShortBear @EricBalchunas
SG on X
this is definitely about the war and the strait, but even more specifically the route to China from the gulf. Derivatives on that route account for about 90% of $BWET holdings. I'm not sure how frequently the underlying derivatives trade and cannot find a chart. Even on the terminal I can only chart the index not any derivatives that might show volume.
DHT Holdings: Quality Balance Sheet And Defensible Positioning
DHT Holdings' low-leverage VLCC fleet has paid 66 consecutive dividends, with charter income covering forecast costs and spot earnings…
Arizona Equity Research 
Okeanis Eco Tankers: The Market Is Pricing In An Earnings Collapse
Okeanis Eco Tankers reported $5.90 Q2 EPS as strong tanker rates lifted profits, while markets price a post-2026 earnings decline despite…
Investor Overview 
Weekly Stock GEMs #11: August 31, 2026
CDTi’s $7.7 million nanocap valuation rests on clean-energy coating orders arriving before roughly 12 months of cash runs out, despite…
Tidewater (TDW): The $225,000 Boat They Laughed At Built the Biggest Fleet on Water
Tidewater’s 200-vessel offshore fleet trades at 40% of replacement cost as the global orderbook sits at 4% of supply, versus 34% last cycle.
No Paywall: CDTi Advanced Materials: Two Supermajors and Twelve Months of Cash
CDTi Advanced Materials has $804,000 of cash, roughly 12 months of runway, and unproven maritime methane technology despite ExxonMobil and…
