But for GE Shipping the spot and time charter prices are at highs. Some of it due to Red Sea issues as it takes longer to go across the cape rather than through Suez.
The positives are conservative management with almost 50% NAV in Cash. I have just taken a sub 1% position, but I do not think currently prices justify a 50-75% upside. It is more of a 10-12% yearly growth plus dividend of 5-6%.
Would love your thoughts on upside potential.
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