Preferred Stock and Baby Bonds From Ocean Ship Owning Companies – Alpha and By Yield

Below we have a list of the preferred stock and baby bonds issued by companies which own ocean going ships. The list includes companies that own oil tankers, container ships, dry bulkers and LNG carriers.

Most of these issues are ‘high yield’ and investors would do well to perform fairly deep due diligence on the companies prior to purchase and to keep the owned issues on a ‘short leash’ as they can be highly volatile.

We note that while some of these issues are from partnerships they issue 1099s at tax time instead of a K-1 as they have chosen to be taxed as a corporation instead of as a partnership.