It's all about economics! |
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| Authors: | Hilde Meersman Eddy Van de Voorde Thierry Vanelslander |
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| Institution: | Senior Economist, Fisheries and Marine Service, Department of Environment , Ottawa, CanadaI am indebted to V. A. Richards, Cornell University, for his incisive criticism and assistance on an earlier draft of this paper. I am also grateful to D. A. Pepper and C. L. Mitchell of this department for some editorial improvements in the present version. The opinions expressed are those of the author and do not represent the official views of the organization with which he is associated. |
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| Abstract: | Due to the capital-intensive nature of the modern shipping industry, loan finance plays a major role in vessel-acquisition cost. In this paper, J. B. Yolland discusses government-guaranteed finance, ancillary and commercial new building finance and finance for second-hand tonnage. He also examines a new source of funding found in the Euro-market. |
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