Claims

Operating a shipping business requires actual operational expertise and knowledge—you cannot succeed as a financial investor alone because ships operate in fundamentally hostile environments (extreme weather, saltwater, complex machinery) with no guidebooks available.

Over his career, Hudner bought and sold over 140 ships with a combined dollar value well over a billion dollars, with the largest single deal being the purchase of the Canadian Pacific Fleet comprising 19 ships in one contract for approximately $165-170 million in 1988 in a soft market.