Finance is at the heart of global industries and shipping is no exception. Without access to appropriate finance, the maritime industry as we know it would cease to exist. Whether it is the purchase of a ship, investment in a shipping start-up or the outlay into research and development, finance is the engine of progress in the shipping world.
Shipping Finance takes the guesswork out of fiscal planning, delivering professionally reviewed guidance from both sides of the financing fence. Taking the lender's perspective,Shipping Finance considers the basic principles of good lending and sources of security for loans. From the borrower's angle, Shipping Finance examines different equity sources, from debt financing and the bond markets, to various loans, securitisation and tax-efficient financing schemes. It also examines the all-important debt-equity balance, and Islamic finance options.
Delivering an excellent insight into the pitfalls of misreading the market cycles, Shipping Finance includes several case studies on shipping company failures. The book considers the difficulty of attracting equity investment into shipping, with examples of listed shipping companies that have managed to overcome this equity investment reticence.