A European Perspective on Bond Finance for the Maritime Industry

Research output: Contribution to journalArticle

9 Citations (Scopus)

Abstract

The European Shipping Industry faces a huge capital requirement over the next decade as a result of increasing trade and ageing fleets. This growth in demand is juxtaposed with a contraction in the number of banks willing to support the industry and a general tightening of credit facilities. Consequently, companies have been forced to access the capital markets for equity and debt. The difficulties experienced particularly in the bond markets have lead to premature dismissal of this relatively new form of finance. This paper seeks to explore the suitability of bond finance and finds that it is largely dependent on the perception of the maritime industry by the investment community.
Original languageEnglish
Pages (from-to)353-362
Number of pages10
JournalMaritime Policy and Management
Volume27
Issue number4
DOIs
Publication statusPublished - 2000

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Finance
finance
industry
Industry
capital market
dismissal
debt
shipping
equity
contraction
indebtedness
credit
bank
Freight transportation
market
Aging of materials
demand
community
Financial markets

Cite this

A European Perspective on Bond Finance for the Maritime Industry. / McLaughlin, Heather.

In: Maritime Policy and Management, Vol. 27, No. 4, 2000, p. 353-362.

Research output: Contribution to journalArticle

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