Financing of shipping companies
Shipping is one of the fastest growing industries, both in Greece and worldwide level. It is well known that this is an industry with massive capital requirements, while the cost of expanding the fleet of a shipping company is large enough. For this reason, the financial sector is in a dominant position within such an enterprise, whose concern is to find the most appropriate financing among the various alternative sources which are available. The object of this dissertation is the analysis of financing in the shipping industry, listing its characteristics, its different methods and especially the influence it has suffered from the global economic crisis, but also the influence it causes both nationally and globally. level. The reference to the influence of the fare on the financing of a company is also noteworthy. The first chapter will analyze in more detail some general terms and concepts related to shipping and the financing sector. This will be followed by a historical review on a global and Greek level, as well as a presentation of some important economic events that have either positively or negatively affected the financing of shipping. At the same time, the contribution of shipping to our national and global economy will be mentioned. The second chapter presents the factors that affect shipping, the size, characteristics and purpose of shipping financing, as well as the types of fares and the factors that affect them. The third chapter will list concepts of financing in the shipping industry and various related issues. An analysis of each different way of financing will be presented simultaneously with its respective positive and negative characteristics, as well as what the shipping cycles are. Finally, the risk and danger arising from shipping financing and the main causes of problem loans will be presented.