Funding a Vision – Editors Choice Award

George Orwell wrote 1984 to describe his vision of the future. Mr. Palios of Diana Shipping and Mr. Hansson of Nordic American Tankers also have a vision that is incorporated in their respective shipping models, and, which may turn out to be the shipping model of the future or at least an ideal to strive for. Both gentlemen have seen the future and debt is not a big part of it. Both companies adhere to a belief that leverage or at least excessive leverage is an anathema and no net debt is something to strive for. To survive in shipping, there is nothing more important, in their view, than a strong balance sheet.

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