Shipping on the Global Stock Markets

In contrast to the views of our banker friend expressed earlier, private shipping companies clearly saw benefits to going public. Among many reasons for a public listing are to extend capital sources, provide acquisition currency, and allow liquidation of family holdings. At our Dublin conference, Mr. Andrew Meigh, Managing Director of Clarkson Investment Services, provided a superb historical overview of the public markets. For perspective, we have incorporated his graphs, which illustrate the global number of publicly listed shipping companies and the capital raised, the combined market capitalization of publicly listed shipping companies and the number of companies listed on major shipping exchanges. Finally, there is a list of the publicly listed shipping companies together with their market capitalization.

To provide a sense of scale, Mr. Meigh’s compared the

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