Abstract
This paper examines the drivers and the rationale for pooling tonnage. Enhanced bargaining power and higher profitability are identified and further analyzed as the key reasons for independent owners to enter a pool. The benefits and the financial impact are also examined and critically assessed. A typical structure of a pool and the related flows of capital as well as relationships among the members are presented. The analysis concludes with the potential benefits of entering into pools to lenders and borrowers.
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© 2015 Springer-Verlag Berlin Heidelberg
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Papachristidis, B.P., Papachristidis, P.B. (2015). Pools in International Shipping. In: Schinas, O., Grau, C., Johns, M. (eds) HSBA Handbook on Ship Finance. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-662-43410-9_15
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DOI: https://doi.org/10.1007/978-3-662-43410-9_15
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Publisher Name: Springer, Berlin, Heidelberg
Print ISBN: 978-3-662-43409-3
Online ISBN: 978-3-662-43410-9
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