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Structured Finance in Shipping

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The International Handbook of Shipping Finance

Abstract

A key characteristic of the shipping industry is that it is highly capital intensive. The international shipowning community is at all times in need of significant amounts of capital in order to fund its fleet modernization and expansion strategy as well as to refinance its existing trading fleet. Traditionally, shipowners have satisfied their ship financing requirements through their own (or family and friends) equity resources as well as on bank debt finance, which represents the cheapest form of external capital when compared to other alternative sources. With China formally entering the World Trade Organization (WTO) in 2001, the international shipowning community was faced with an increased demand for its services, as it was called upon to assist fueling and facilitating the so-called BRICs’ (Brazil, Russia, India and China) tremendous growth.

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Author information

Authors and Affiliations

  1. Eurofin S.A., 11 Neofytou Douka Str., 106 74, Athens, Greece

    Ioannis Alexopoulos

  2. Augustea Group, 57 Ullswater Crescent, London, SW15 3RG, UK

    Nikos Stratis

Authors
  1. Ioannis Alexopoulos
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  2. Nikos Stratis
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Editor information

Editors and Affiliations

  1. Athens University of Economics and Business, Athens, Greece

    Manolis G. Kavussanos

  2. World Maritime University , Malmö, Sweden

    Ilias D. Visvikis

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© 2016 The Author(s)

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Alexopoulos, I., Stratis, N. (2016). Structured Finance in Shipping. In: Kavussanos, M., Visvikis, I. (eds) The International Handbook of Shipping Finance. Palgrave Macmillan, London. https://doi.org/10.1057/978-1-137-46546-7_8

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  • DOI: https://doi.org/10.1057/978-1-137-46546-7_8

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  • Publisher Name: Palgrave Macmillan, London

  • Print ISBN: 978-1-137-46545-0

  • Online ISBN: 978-1-137-46546-7

  • eBook Packages: Economics and FinanceEconomics and Finance (R0)

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