Independent journal on economy and transport policy
13:41 GMT+1
Shipping Finance: A secretive industry opens its books to new lenders
(Financial Times)
September 30, 1998
By Charles Batchelor, Transport Correspondent
The world shipping industry may need to raise up to $160bn over the next five years to finance the purchase of new and second-hand vessels, according to a survey by Drewry Shipping Consultants.
The need for external sources of finance has forced a traditionally secretive industry to open its books to outsiders ...... Read more on Financial Times
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