SHIP FINANCE ( CREDIT EXPANSION AND THE BOOM-BUST CYCLE ) SECOND EDITION ( IN GOOD CONDITION )

Both shipowners, as well as a cross section of the shipping industry and financial institutions, need access to up-to-date, authoritative information as players in one of the most capital intensive and violently cyclical of all markets, in order to influence and exercise some control over this high risk activity. Combining a comparative analysis of the various means of financing the industry with a review of the lessons to be learned from the mistakes of the past, this book, 2nd edition, provides a thorough, informative and enlightening survey of the subject which should be read by anyone involved in making decisions concerning the funding of shipping operations. This book provides an incisive account of the credit crisis which faced shipowners and their bankers during the 1980s and examines the ways in which the industry has funded its operations over the past three decades.