Structured thinking for uncertain shipping markets

Tidewake provides strategic insight into maritime markets with structured research on market dynamics, investment positioning, and firm strategies.

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+77.9%Equity performance of shipping index, YTD 2026Equal-weighted return across the 42 listed shipping firms in the index

$257BNcombined market capAcross the 42 firms in the shipping index

42listed shipping firmsAcross 3 segments — tankers, dry bulk and containers

A comprehensive view of maritime markets

Market dynamics

Structured analysis of market dynamics, freight cycles, and opportunities.

Investment positioning

Data-driven insight into cross-segment equity dislocation, relative value, and where capital is mispriced.

Firm strategy

Strategic perspectives on shipping company strategies, capital allocation, and fleet-level decisions.

The shipping equity opportunity

Shipping cyclicality as a driver of alpha

+77.0ppExcess returns vs S&P 500 · 1Y

+91.8%Tidewake composite

+14.8%S&P 500

Equal-weighted across every tracked listed shipping name, indexed to zero at window start.

Tidewake composite
S&P 500

Latest analysisOctober 18, 2026 · 3 min readTanker

Product tankers face continued volatility in the closing months of 2026

Tanker rates have surged through 2026, but product tanker equities have lagged crude, and both pulled back in mid-October. Third-quarter results due in November are set to show lower realised earnings, leaving fourth-quarter bookings and any revisions to full-year guidance as the real test.