by Andreas Vergottis, Warburg Dillon Read
Marine Money has asked me to discuss the “Institutional Investor Perspective” on shipping companies. I have consciously tailored my remarks to the composition of the audience, which in addition to financial investors includes hands-on shipowners. I have approached my subject from a Darwinian competitive business jungle perspective.
Let me start with the conclusion. The nature of the game has changed. Our industry is going through competitive upheavals which imply that the “traditional private family owned small shipping company” and the associated network of shipbrokers and agents will become totally extinct. In their place will emerge “direct e-commerce based large PLCs” with global scale of operations and clientele.
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