In the mid-2000s, an entire subindustry emerged in New York to help raise capital for shipowners. Investment banks, lawyers and accountants raked in fees on initial public offerings (IPOs), follow-ons, takeovers and restructurings. Private fund managers bought equity and sold credit products.
In 2020, you could hear the crickets in these circles. Deal flow was even worse than last year.
According to analysis of public filings by American Shipper, U.S.-listed owners of pure commercial shipping...
https://www.freightwaves.com/news/shipping-ipo-prospects-slim-as-capital-market-access-plunges