Owners To Play Financial Cycles: Warren Buffet Is No Role Model For Shipping Investors

by Bern E. Blikstad

To continuously lower total capital cost, successful shipping companies of the future will play the financial cycles as skillfully as they now play the shipping cycles. Traditional bank lending and capital market products will play complementary roles, as they both expand and contract cyclically. And the US capital market will not be a major source of funding for shipping in the short term, but rather function as a product developer for structured finance solutions.

Business Environment, Capital and the Shipping Industry

Capital is more available today than ever. In an era of venture capital, high-yield bonds and global capital flow, money is in constant search of investment opportunities. Access to funds is no longer restricted to large, established companies in well-established industries.

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