The Financialization of Shipping

By John A.C. Cartner

The Financialization of Shipping

Until about wo decades ago shipping was the world’s most extensive mom-and-pop operation. Most companies were family-owned and most operated under the parochial protection of states where the vessels were flagged and where the owners lived or had some relationship other than registry.  Debt financing was the way ships were bought and working capital came from lines secured by equity. This has all changed. Shipping has become financialized. What does this mean?

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The opinions expressed by Dr. John A.C. Cartner in the ‘Conversations with Cartner’ Video Series and accompanying blogs are the opinions of Dr. Cartner and do not necessarily reflect the views of the staff and management of Maritime TV, or its parent network, TV Worldwide, Inc.

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