Why shipping is finding it tough to break IPO drought
A three-year drought for shipping IPOs in New York looks set to continue as the industry digests the fizzling out of the GoodBulk and now the Navios Maritime Containers deals. The record raises the question of whether good timing for shipping players may not be the right time for US investors, who continue to struggle with the industry’s counter-cyclicality mantra
Postponement of Navios Containers’ planned initial public offering illustrates again that US investors can be impervious to the charms of shipping’s counter-cyclical wisdom
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