The global integration of financial markets – while not complete – is moving ahead fostered in part by the continued relaxation of capital and exchange controls which makes realizing gains more feasible”, Marine Money wrote at the start of its inaugural Rankings issue in September 1991. We went on to comment that there was more reporting transparency from the community of public companies, accounting regularity and stock market regulation but that there were still complicating challenges as the world of global capital markets access was at that time just developing. It was a time of full steps forward and occasional half steps back.
This year we again rank some of the world’s most significant shipping companies. We note that in the top ten alone there are companies from the U.S., South Africa, Belgium, Thailand, Denmark and Singapore! An amazing spread but one reflective of the breadth of the international shipping industry and the expansion of market performances.
This is only an excerpt of Rankings – Highlights and Accomplishments
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