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Cavalier Shipping insights on the current shipping finance market and recent events in the shipping space.
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US Navy Shipbuilding - Up Next for Department of Governmental Efficiency?
As U.S. government spending scrutiny intensifies under the Trump Administration, the Navy’s shipbuilding budget may be up next for examination at Elon Musk’s Department of Governmental Efficiency.
US Offshore Wind Casualties
Polarizing legislation like the Jones Act can make for unlikely allies.
The Jones Act Parallel Market
One man’s trash is another man’s … Jones Act-qualified LNG carrier?
Infrastructure in Shipping
Major infrastructure funds invested big dollars in shipping in recent years. But what qualifies as "infrastructure" within shipping? LNG assets, container leasing, and Jones Act assets.
Jones Act M&A Activity: Saltchuk Takes Over Overseas Shipholding Group
Saltchuk's takeover of Overseas Shipholding Group, announced last week, continues the recent wave of M&A activity in the Jones Act tanker sector—the top three Jones Act tanker owners have changed less than 12 months.
Valuation differential: U.S.-built vs. Internationally-built MR Tankers
$2 billion: that's the valuation differential between the U.S.-built Jones Act MR tankers and similar internationally-built MR tankers.
Saltchuk Bids on Overseas Shipholding Group
Saltchuk, owner of 22% of Overseas Shipholding Group's shares, made an unsolicited bid on January 29 to acquire the remaining 78% of OSG shares at $6.25 per share.
Hanwha Acquires Austal
Hanwha Ocean's USD 662 million offer to acquire acquire Austal is a positive signal for US shipyard valuations and interest in the sector.
Building vs. Purchasing Jones Act Suezmax Tanker
Jones Act tanker vessels aren’t sold often—especially on a charter-free basis—so it’s worth looking at the numbers behind Overseas Shipholding Group's recent purchase and planned reactivation of the 2004-built + Jones Act qualified Suezmax tanker called the Alaskan Frontier.
Philly Shipyard + Hanwha Ocean Timeline
The latest development in the Philly Shipyard, Inc. and Hanwha Ocean courtship involves the U.S. Secretary of the Navy as matchmaker.
US Shipbuilding + Jones Act
In today's geopolitically tense environment, there have been a growing number of calls to revitalize the US shipbuilding industry.