Alternatives for Raising Equity in Today’s Market- Part I

By Ethan Ram, DVB Capital Markets LLC

The collapse of freight rates and asset values across most shipping sectors has put a premium on liquidity and access to capital. Today many publicly listed shipping companies are faced with depleted cash reserves, limited or no availability under debt lines, and, worse, debt covenant defaults, which threaten their viability as a going concern. Meantime, given the scarcity of debt, the better-capitalized companies that hope to take advantage of the market downturn are faced with having to fund a significant portion of their acquisitions with equity. For those companies that are able

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