Some say they are conflicts of interest. The numbers show they are a big part of the business
Key takeaways
- Some say they are conflicts of interest. The numbers show they are a big part of the business
- US-listed shipowners paid at least $800m in related-party fees and expenses to powerful insider shareholders or their affiliates in 2025, according to a detailed analysis by TradeWinds.
- The figure shows the scale of a practice that continues to draw scrutiny from corporate governance experts yet remains commonplace in many shipping companies that access Wall Street’s capital markets.
- The findings show the growing use of such transactions.
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US-listed shipowners paid at least $800m in related-party fees and expenses to powerful insider shareholders or their affiliates in 2025, according to a detailed analysis by TradeWinds.
The figure shows the scale of a practice that continues to draw scrutiny from corporate governance experts yet remains commonplace in many shipping companies that access Wall Street’s capital markets.
The findings show the growing use of such transactions.
Original publication
View the original article on TradeWinds →