He writes on more public shipowners than any analyst in the business, and now Randy Giveans is expanding his coverage. Well, sort of.
Giveans and wife Dorrial are actually continuing to expand their family with the birth of a second daughter, Carley Renae Giveans.
TradeWinds’ column taking a sideways look at shipping
And as they did with the birth of their first child, Finley Rita Giveans, two years ago, the couple are celebrating with a shipping-tinged “research note”, initiating coverage on ticker symbol CRG “with an extremely bullish outlook”.
“Like any wise newbuilding, she waited until the turn of the year to be delivered, and keeping in line with the industry trend of bigger and longer vessels than previous sisterships, Carley qualifies as a VLGB (Very Large Giveans Baby), weighing in at nine pounds [4.08 kg] and spanning 22 inches [56cm].
“She is obsessively and lovingly managed by her two private equity backers who formed a SPAC [special purpose acquisition company] to make this offering possible. Potential gains are unmatched by any prior pick except perhaps her sister FRG, who remains pre-revenue and burning cash, but still well received. Both clearly have plenty of upside from here!”
Roller-coaster rides to the rescue
The big question facing the cruise sector is how to lure customers back on board once the big ships are allowed to start sailing again when the pandemic ends.
Miami giant Carnival Corp is doubling down on the growing amusement park feel of modern cruiseships.
Its Carnival Cruise Line has shown off, in addition to the now-compulsory weave of water slides, a roller coaster on its newest ship, the 5,200-berth Mardi Gras (built 2020), which is scheduled to begin operations in April (fingers crossed).
Of course, a roller-coaster ride is what cruise operators are hoping to avoid once the sector gets up and running again...
