Looks like dorian ipo had to be downsized. id say that would make possibility to give shares or even sell stake a lower chance, unless they sell them in ipo, which is not ideal because shares would be poised to run with lpg rates at all time highs
the share offerings that could happen at anytime to pay for massive fleet. i think how aggressive they are worries ppl. but div should start ramping up this year. dorian ipo which they have 30%. the 7 vlcc will go into scorpio crude back half of year. Product rates have been good but not great, and scorpio is the product king with over 110 ships under managment. ive been hoping for breakdown in price for over year but never happens even after a billion in share offerings its amazing.