“For the ordinary investor, the tramp company remains a form of investment to be avoided. It is a very special business and at its best financed and managed by those who are versed in its difficulties.”
- A.W. Kirkaldie, British Shipping, 1913
Thus is the opening quote of Chapter Six in “Maritime Economics” by Martin Stopford, currently of H. Clarkson & Co. Stopford’s book is the pre-eminent book in Maritime Economics-there are not too many other texts out there that cover the macro and micro of the maritime economic arena so well.
This is only an excerpt of From the Editor: Maritime Economics, Chapter Six
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