Deep Dive: Undervalued dry bulk shipping stock compared to its NAV with a strong balance sheet
(published on Substack on 03 Apr 2026)
Value Investing in Shipping
Deep Dive: Himalaya Shipping Ltd.
Ticker symbols: HSHP and HSHP.OL (published on Substack on 31 Mar 2026) Business overview Himalaya Shipping Ltd. was established in 2021 and became a publicly listed company, first enlisting in 2022 on Euronext Growth Oslo and Euronext Expand. In 2023, the company conducted an IPO in the U.S.
Value investing and cyclical stocks
(published on Substack on 27 Mar 2026) Dear fellow value investors, In this post, we will discuss the value-investing approach to cyclical stocks. There is a notion that the value investing philosophy is solely applicable to a specific type of stock. For example, it is considered that growth stocks,
Deep Dive: Frontline plc (ticker symbols: FRO and FRO.OL)
(published on Substack on 24 Mar 2026) Business overview The company’s market capitalisation is USD 7.32 billion with a P/E ratio of 19.34: Source: Yahoo Finance The company’s stock is traded both on the New York Stock Exchange (“NYSE”) and the Oslo Stock Exchange (“OSE”
Deep Dive: ZIM Integrated Shipping (ticker symbol: ZIM)
(published on Substack on 20 Mar 2026) Dear fellow value investors, In this post, we will discuss the company ZIM Integrated Shipping (ticker symbol: ZIM), as it will potentially merge with Hapag-Lloyd Aktiengesellschaft (ticker symbol: HLAG.DE). The proposed cash offer to ZIM shareholders is at USD 35.00
Deep Dive: FLEX LNG (ticker symbol: FLNG)
(published on Substack on 17 Mar 2026) Business overview The company owns and manages 13 LNG carriers, most of which are scheduled on time-charter conditions for several years: Source: FLEX LNG, DNB Carnegie's Energy & Shipping Conference, March 2026 The average age of the fleet is 6.
Outlook on the LNG sector in 2026
How shall we, as value investors, navigate these uncharted waters? (published on Substack on 13 Mar 2026) Dear Value Investors, Today’s topic will be devoted to the LNG sector of the shipping industry. It is worth noting that since the recent events in the Middle East, tanker, LPG and
Deep Dive: Update on 4Q2025 and FY 2025 of Seanergy Maritime Holdings Corp. (ticker symbol: Ticker: SHIP)
(published on Substack on 10 Mar 2026) This post is related to the updates of 4Q2025 and FY 2025 results of the covered Seanergy Maritime Holdings Corp. (SHIP). For Deep Dive research, please see my post related to the above company dated 10.02.2026 (SHIP). The company announced 4Q2025
Investing by looking at the price moves vs looking at the value
(published on Substack on 10 Mar 2026) I often hear from people and get messages about price moves, especially when the stock drops from the purchased level. In value investing, the cheaper the stock, the better the return, subject to the analysis that the fundamental factors support the thesis of
Diana Shipping Inc.: 4Q2025 and FY 2025 (unaudited) results (ticker symbol: DSX)
(published on Substack on 10 Mar 2026) We have received the 4Q2025 and the unaudited FY 2025 results posted by Diana Shipping Inc. Below is the excerpt of the analysis dated 20 Feb 2026: The FY 2025 result came as follows: Source: Diana Shipping Inc., Financial Results for the 4th
Deep Dive: BW LPG Limited (ticker symbols: BWLPG.OL/BWLP)
(published on Substack on 06 Mar 2026) Business overview The company’s market capitalisation is NOK 26.727B (USD 2.768B), and the PE ratio is 16.93. The stock is being traded both on the Oslo Stock Exchange under the ticker symbol BWLPG.OL and on the NYSE under
Outlook on the LPG sector in 2026
(published on Substack on 03 Mar 2026) Today’s topic is the LPG sector of the shipping industry, which includes LPG vessels. The sector is very important for the global economy. I won’t digress much, but I would like to shed some light on the fact that LPG (Liquefied