Dynasties of the Sea: The Shipowners and Financiers Who Expanded the Era of Free Trade

A major theme of Dynasties of the Sea is the increasing role of private equity as a source of financing in shipping. This theme is supported by a recent editorial “Can Private Equity Save Shipping?” in the November-December 2012 issue of The Maritime Executive.  The article mentions Dynasties interviewee Wilbur Ross as well as the late Larry Tisch, whose son James is also featured in the book. It even includes a nod to The Shipping Man, which is also published by Marine Money.

How long will the PE window stay open? As long as the market remains depressed, say all the experts, and most agree it could get worse before it gets better. Meanwhile, the pressure is building on all sides. How long can owners hold out with low rates and high operating costs before they file for Chapter 11 or hold a fire sale? How…

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