Treasury Strategies – The Pot of Gold Awaits Shipping’s Innovators

It’s a hard business to be in – selling treasury strategies to the shipping business – but then novelty was always difficult to peddle to shipowners, who tend to be a conservative bunch.

The world of shipping is changing, however, albeit an evolutionary change and not a revolutionary one. That may be no bad thing – provided the evolutionary process is not too long-drawn out. For in opting to use treasury strategies to make their money and their accounting practices work for them as value-added functions, shipowners are not in a position where they are reinventing the wheel. The products and functions at their disposal are tried and tested in other international, cross-border industries such as retailing, manufacturing, travel and airlines.

Banks are only too willing to tailor the services provided for other users to the individual nature of the shipping industry. Still, however, it seems that some unsophisticated people in shipping are asking the question: “Why are treasury strategies necessary?”

This is only an excerpt of Treasury Strategies – The Pot of Gold Awaits Shipping’s Innovators

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