Model portfolio update and Deep Dive Research
(published on Substack on 01 May 2026)
Dear fellow value investors,
Today’s post will be a deep dive research on a shipping company and updates on our model portfolio, with transactions shown below.
These deep dive research posts shed light on owning businesses that potentially can provide us with a minimum of 30 per cent annual return, by applying low-risk/high-reward and margin of safety principles.
Today’s company, apart from owning its fleet, also owns companies that provide terminal and stevedoring services. The company, besides its fleet, also charters in for short-term a high number of 3rd party vessels to enhance the financial performance. In addition to the above, the company has one important asset in its portfolio that allows it to have a competitive advantage over its competitors in a niche segment of the shipping sector.