Alpha Shipping: Our Most Recent Watershed Event

by Alan Ginsberg

Last month’s $175 million offering of ten-year senior notes by Economou family-controlled Alpha Shipping plc is the shipping industry’s most recent watershed event with respect to the high yield financial markets. Barely a month goes by without some members of the shipping community expressing continued astonishment over when and what owners are bringing to market and how they are being received. We say “wake up and smell the salt air.” In our opinion, high yield has become nothing less than a structural component of ship finance.

This is only an excerpt of Alpha Shipping: Our Most Recent Watershed Event

Content is restricted to subscribers. To continue reading please Log-In or view our subscription options.