Lambros Papaeconomou

Owner of NYFEX Research, a strategic advisory firm in shipping, logistics, and capital markets.

[Lambros Papaeconomou @NYFEX]

@charlesforelle You are right. That’s why the deal looks so impressive on paper. It will generate almost $24m in taxable interest income over its life. BB had to pay income taxes from year 1. He had to pay taxes for 10 years out of pocket, without receiving a dime from the Mets.

[Lambros Papaeconomou @NYFEX]

@johnauthers 8% interest, compounded annually, with all taxes deferred over 20+ years until actual payment. That’s A deal.

[Lambros Papaeconomou @NYFEX]

A repeal of #JonesAct will allow a foreign #containership to move goods from one US port to another. For example from Savannah to New York. Imagine how less congested I-95 would be...

#shipping #maritime

https://t.co/8KQi4JRZAd via @WSJOpinion

[Lambros Papaeconomou @NYFEX]

@PortTampaBay @USCG @USCGSoutheast Thank you for keeping our coasts safe #SemperParatus

[Lambros Papaeconomou @NYFEX]

@OakInAlexandria Funny how the rebels of yesteryear have become today’s establishment. Tolerance is easy to say but harder to practice.

[Lambros Papaeconomou @NYFEX]

Greek #Shipping #DryBulk Company $SB raised €100m in bonds at 2.95%

[Lambros Papaeconomou @NYFEX]

It makes sense for Safe Bulkers $SB to redeem its preferred shares with the bond proceeds, as it will substantially lower its cost of capital. Preferred shares cost 8% and the company has the right to call them at face value $25.

#Shipping #DryBulk #DryCargo #PreferredShares

[Chris Shipping 🚢🚢 @christankerfund]

$SB is trying the unsecured bond market with up to 100M Euro placement. Interesting that they mention proceeds could be used to redeem their preferred equity .. which are currently trading at a slight premium at $25.30-$25.40.

[Lambros Papaeconomou @NYFEX]

No disrespect to @DryBulkETF, but the only thing #shipping forecasters are good at, is telling us today why markets moved up or down yesterday…

Nobody has a clue what the market will do tomorrow, and if they did, they will not share it with anybody.
#drybulk #tankers #drycargo

[BreakWave @DryBulkETF]

Braemar on Capesize: "The ballaster routes (Brazil to China) have dropped enough to the point where there is nowhere further down to go, and therefore, it has stabilized in a sense, but still the question remains when the rate could start recovering from the current bottom."

[Lambros Papaeconomou @NYFEX]

@JimmyWar77 Florida rules! Happy New Year and stay safe.

[Lambros Papaeconomou @NYFEX]

@MarkSzakonyi @EconUS @rahulkapoor11 How old is this quote (by calling the Journal of Commerce a sectoral must-read, it must be 20+ years ago), and more importantly how many order-driven crises have we witnessed since then.

[CBC Sports @cbcsports]

A moment those kids will never forget 🥰

Third grade teacher Ms. Fitz promised her class hot chocolate if she made this shot ☕️

Way to go, Ms. Fitz!
🎥: htsgeorgetown/IG

[Lambros Papaeconomou @NYFEX]

That’s a story worth reading. It IS the most generous gift!

A Box of Cash, a Secret Donor and a Big Lift for Some N.Y.C. Students https://t.co/YcKXIyoTlw

[Lambros Papaeconomou @NYFEX]

@soostefan If there is no risk of bankruptcy, I agree. However, shipping is synonymous with bankruptcy risk. Don’t take my word for it, study what happened to public shipping companies the past 20 years, including $INSW predecessor.

[Lambros Papaeconomou @NYFEX]

I don’t understand the fascination of stock repurchases when the market is in the crapper. $17m can go a long way to plug operating cash shortfalls. Instead it’s used to “prop” the share price. Another groundhog day in #shipping

$INSW #tankers #OOTT

https://t.co/2v6zbvXWhF

[Lambros Papaeconomou @NYFEX]

If you sell an asset for 10, you must first repay all debt associated with the asset (say debt is 6). Then you might use the remaining 4 to buy back shares. But what happens if the rest of the ships bleed cash? Focus on cash flows, not share price.

[Lambros Papaeconomou @NYFEX]

@MuzzMuzzington Any day traders who made money on $ZIM this week? (Long or short)

[Lambros Papaeconomou @NYFEX]

@finance_LL Best of luck to all my former colleagues at @LLEditorial The future is now - Seize the moment.

[Lambros Papaeconomou @NYFEX]

@OriginalBraila I don’t see what’s so special about this press release. The only dates that matter are the record date and payment date, which are always disclosed by US companies. The ex-dividend date is derived from the record date.

[Lambros Papaeconomou @NYFEX]

@ed_fin There is nothing to see here. A small number of shares sold according to a pre-arranged plan and fully disclosed. I wish Bugbee disclosed his stock and call option sales instead of just his purchases. $INSW $STNG #Tankers #Shipping