This chapter concentrates on the US high-yield bond market as a source of finance for shipping companies. In particular, the anatomy of the US shipping high yield bond market is described in Section 21.2, and the advantages and disadvantages of high-yield bonds for shipping companies are...

Shipping markets irregularity due to high-level volatility of freight rates and asset prices increases the risk of banks’ invalid financial strategy. Risk is further increased due to the heterogeneous shipping market, despite the regulations set by the Basel Convention. Consistent with the...

This chapter concentrates on the US equity capital market as a source of finance for shipping companies and gives an overview of this market, since it is the largest of its kind. In addition, it discusses important issues for the shipping companies that utilize this market for financing and the...

The IPO Decision is an exciting new book that clarifies how the initial public offering (IPO) process actually works. It separates fact from fiction and imposes a logical structure on the most up-to-date IPO-related research. All major topics pertaining to the going-public process are included:...