Ocean shipping companies are the ultimate traders buying and selling ships. What companies have done in the last 7 years is try to survive a severe downturn in shipping. And some have tried to position themselves for growth and a cyclical upturn. TOPS may be one of them.
I love watching shipping conferences on Youtube. At the end they ask what would you do with extra cash. Pay a dividend, buy back shares, pay down debt, or buy more ships. I think traders can learn alot from these guys.