My dear fellow value investors
We published our first article on February 3rd 2026, on the Substack platform. Since then, our community has grown globally, and in order to bring value to the Ghost members, we decided to share our publications on this platform. Please read our first post, attached below, as a small introduction.
Our first post
(published on Substack on 3 Feb 2026)
Dear fellow value investors,
Nearly two decades in the commodity and shipping industries. A decade of immersion into value investing. Now shedding light and sharing my knowledge on the value of equities of the shipping industry.
The shipping industry is, for most people, a dark forest which can be perplexing at times. However, like any commodity-related industry, it is cyclical, and equities of publicly listed shipping companies offer, at times, some interesting opportunities that are overlooked due to the popularity of other commodities. Keeping in mind the cyclicality, the holding period of the purchased stocks shall not be “forever”, as Warren Buffett says.
However, even if the industry is cyclical, a deep analysis of the relevant stock is necessary, as blindly buying is never recommended. I will therefore publish my analysis and will provide the risks and rewards. As ever, it will be up to you, my fellow value investors, to decide whether to buy the reviewed stock. Seeing how and if it would fit your investment portfolio.
We will apply the three most important words in investing: Margin of Safety. Focusing on the right shipping equity opportunities with low risk and high rewards.
Kind regards,
Value Investor in Shipping
Substack link: https://valueinvestinginshipping@substack.com
Since that article, we have consistently published insights into each segment of the shipping industry for investors who are new to shipping equities. It provides a deeper understanding of the market, which is crucial before investing in any shipping company. Then we went ahead and analysed the current state of each individual company in every shipping segment (we haven’t covered them all, though) through Deep Dives. Those analyses are based on the foundations of value investing, but through the lens of an investor with a substantial background in the ins and outs of shipping and commodities and their cyclicalities.
We publish each Tuesday and Friday. Our posts on Tuesday are open to all Ghost members, and our Friday posts are open to all premium members who don’t want to miss out.
In April 2026, we introduced a model portfolio, available to premium members. With each update—including buy, sell, and dividend actions—premium members receive timely notifications. As a premium member, you receive each Friday one of the following exclusive resources:
- Valuation models and scenario analysis.
- Ongoing portfolio updates (buy/sell/dividends).
- Deep-dive into segment and company research.
- Long-form commentary on markets and capital allocation.
My dear fellow value investors, I hope you will join our community and take part in the ever-interesting and ever-present cyclicities of the shipping industry.