In the past seven months, it has become clear that well-known players with follow-on offerings have the upper hand.
Whether US public markets are open or closed is increasingly a matter of just which shipowner is knocking at the door and whether it is the first knock.
A review of 12 completed transactions between April and early November shows that 10 were executed by companies sponsored by four powerful names: John Fredriksen, Teekay Corp, Peter Georgiopuolos and Angeliki Frangou’s Navios group.
The
