I think you'd be surprised at how low of an overhead some shipping companies run. I've visited the US headquarters of a publicly traded Greek dry bulk shipping company with a market cap in the hundreds of millions of dollars...it was in a strip mall in Richmond CA, and it looked like a small local accounting office with a staff of maybe 10 people.
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Odd that an oil company with enough size to own a tanker wouldn't have an office in NYC.
I think you'd be surprised at how low of an overhead some shipping companies run. I've visited the US headquarters of a publicly traded Greek dry bulk shipping company with a market cap in the hundreds of millions of dollars...it was in a strip mall in Richmond CA, and it looked like a small local accounting office with a staff of maybe 10 people.