Overview - Weak History of Governance
The shipping sector has historically attracted a wide range of investors — ranging from private equity and family offices to day traders and retail income seekers. These stocks are known for their volatility and occasionally for their large payouts. Unfortunately, what the shipping sector is not known for is strong corporate governance and capital allocation decisions. Sadly, shipping names have historically suffered at the hands of management teams who care more about growing their fleet size, either due to ego-driven leaders or because of direct conflicts of interest such