Special Purpose Acquisition Companies (SPACs) στην ναυτιλία
View/ Open
Subject
ΝαυτιλίαKeywords
Ναυτιλιακή χρηματοδότηση ; Εταιρείες Ειδικού Σκοπού ; Shipping finance ; Special Purpose Acquisition Companies (SPACs)Abstract
Shipping is probably the most extensive and internationalized industry, as its
nature allows or requires the involvement and participation of a wide range of attitudes,
cultures and practices. Today, more than 90% of world trade is transported by sea, while
the global ocean-going shipping has a prominent trend in recent decades (OECD, 2013).
It is evident the importance of the maritime sector and therefore its financing, which is
also a matter of great importance. An alternative form of financing which makes making
more often its appearance, is through Special Purpose Acquisition Companies - SPAC. It
is significant that a Special Purpose Acquisition Company is a company that does not
own any asset, so is considered to be an "empty company” (shell companies) and more
specifically these are companies with no capital funds (cash shell companies).
The objective of this paper is the study and analysis of the funding of the shipping
industry through a special purpose acquisition company (SPAC). This paper will attempt
to explore how to implement this alternative form of financing to a shipping company
and whether and how it would be profitable for its economic prosperity. As for the
empirical analysis of the issue, it will be a detailed description and critical investigation
of the matter, through case studies of shipping companies, which were funded through
special purpose acquisition companies (SPAC).