Even though the firm is protected from foreign rivals, fierce domestic competition prevents any company--including an industry leader like ACL--from holding any pricing power.ACL faces a much larger rival, Kirby, in its attempt to expand its liquid-barging business.An ongoing low-margin contract
Nearly 85% of Horizon's revenues are generated from trade routes protected by the Jones Act.
TBS suffers from weak demand and poor shipping rates.
If Danaos is unable to raise capital through debt markets over the near term, it may need to issue equity, which could dilute current shareholders.Danaos is highly dependent on a small group of customers.With the container shipping industry facing a potential oversupply of vessels, Danaos may have
The U.S. Department of Justice is investigating Horizon Lines' (and competitors') pricing practices along domestic shipping lanes. The firm has already paid settlement fees to plaintiffs involving the Puerto Rico route, but investigations remain ongoing. As a result, it will likely continue to face
Eagle and its dry-bulk shipping peers face daunting near-term overcapacity.
Together, Excel's spot-market vessels and highly leveraged balance sheet present an ongoing concern.
Seaspan requires high levels of debt to fund large capital expenditures. If funding is not available, the company may be forced to issue equity, possibly diluting current shareholders.The company's corporate-governance policy outlines several antitakeover measures that would prevent shareholders
Navios Maritime NM reported third-quarter results Nov. 18 that have led us to adjust our near-term assumptions. Nonetheless, we're maintaining our fair value estimate. Although the firm's revenue and operating profits for the full year look to fall short of our original projections, the firm's
Diana Shipping's DSX third-quarter results paint a similar picture compared with the company's second quarter (see our Aug. 6 note ), with lower renewed contract prices driving down revenue and operating income. Nonetheless, these results tracked our expectations, and we continue to believe that