Strictly speaking, how can a tax-efficient structure that has to obtain at least 90% of its income from relatively stable commodities, property or transport be appropriate for more volatile parts of the shipping market? After all, MLPs were first designed to offer tradeable securities in hardware, such as US pipeline infrastructure.
While Evensen may be talking his own book to some extent, he has credibility as the one who launched the first deepsea shipping MLP, Teekay LNG Partners.
