Chapter 7: Financing Ships & Companies
Course overview: the shipping business is highly capital intensive. Merchant ships cost up to $200 million each, so capital plays a very big part in the business strategy of shipping … More
Unit 7.1: The characteristics of ship finance
In this opening unit of the lecture we review some of the distinctive features which make ship finance a … More
Unit 7.2: Shipping risk and financial structure
In this unit we study the character of the “shipping risk” which financiers have to deal with. At … More
Unit 7.3: Where the money come from
Getting to grips with ship finance calls for a basic understanding of how the world financial system … More
Unit 7.4: Ship finance — private equity
This is a short unit, but a very important one. Traditionally shipowners and shipping companies have relied … More
Unit 7.5: Ship finance — Bank Debt.
This unit discusses commercial bank debt, the traditional form of ship finance. It covers who provides it; … More
Unit 7.6: Ship finance — capital markets
From time to time the shipping industry has made great use of capital markets as a source of funds. But it is … More
Unit 7.7: Ship finance — special structures
In previous units the focus was on the way a conventional shipping company, either private or public, can … More
Unit 7.8: Case study — financing an Aframax tanker
Developing a structure is one thing. Living with it in the real world is another. Only time brings that … More
