Please “Mine” the Gap

by James R. Lawrence

Introduction
Characterizing the financial performance of an industry as complex as shipping is quite difficult. The industry has many different players – from independent owners to shippers to investors. And there are many different types of shipping strategies, followed with more or less success in a highly variable market environment. And, of course, there are many different kinds of ships.

Marine Money has maintained a database on the financial returns of public and private (those which, for one reason or another, file returns) shipping companies for ten years – share price results, profitability, cash flow and other performance measures and ratios which come and go in vogue – paper measures. For an even longer period of time, Marsoft has kept a marvelous database on vessel prices, earnings and costs – steel measures.

This is only an excerpt of Please “Mine” the Gap

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