The Rich Get Richer

In these times, it is good to be a shipping company that is not a shipping company, at least as we know it. James Fisher has used “…its core expertise of marine operational and engineering skills based on its Marine Oil division, to invest in and then generate organic growth from niche service businesses in the marine sector.” As a service business, within specialized niches, the company is far less exposed to the swings in asset values which shipping companies in general have experienced. In contrast it earns it’s living by providing specialist services to shipping rather than ship trading and from the oil that its customers continue to produce.

As the company says, “(i)n a credit crunch it is appropriate to start with cash and liquidity.” With its

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