What is shipping finance?
Can someone share some insights? Thanks a ton!
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Buying and operating ships is incredibly expensive. Shipowners therefore need financing. Banks provide shipowners said financing through their shipping finance division. Voilà.
Should you have any further questions, the following textbooks should be of assistance: http://www.amazon.co.uk/Handbook-Maritime-Economics-Business-Transport/… http://www.amazon.co.uk/Blackwell-Companion-Economics-Companions-Contem…
[quote=GoodBread]Buying and operating ships is incredibly expensive. Shipowners therefore need financing. Banks provide shipowners said financing through their shipping finance division. Voilà.
Should you have any further questions, the following textbooks should be of assistance: http://www.amazon.co.uk/Handbook-Maritime-Economics-Business-Transport/… http://www.amazon.co.uk/Blackwell-Companion-Economics-Companions-Contem…]
You still looking to get into the physical side?
Thanks for the responses. but for people working in this area, what do they actually do?? do they do modeling or what ?
For shipping/maritime IBD, I know BofA ML is big.. I also know of Dahlman Rose as a specialist boutique (not sure how big they are). I'm sure some of the other bulge-bracket firms are involved (MS comes to mind). On the commodities/trading side, I'm relatively uninformed, except insofar as bulge-bracket firms are divesting their proprietary commodities operations.
http://www.ics.org.uk/media/1528/SF%20Syllabus.pdf should give you an idea of the kind of stuff you have to know. As far as the actual work, it's more of a ECM/DCM/Structured Finance type role (sorry that's so large, but those are the kinds of products used in ship financing).
Up until the crisis HSN Nordbank was the biggest ship financing provider, I'm not totally sure what their situation is now.
Shipping Finance (Originally Posted: 11/26/2010)
Hi,
does anyone know anything about shiping finance.
What does shipping finance mainly do... and i don't need " they find finance for ships"
i am asking about more daily, or their role in the industry.
also, do you know what is the comps for position like this?
http://news.students.efinancialcareers.co.uk/NEWS_ITEM/newsItemId-29313
This might be a little helpful. She works in shipping but gives more of an insight into the job (I know it's not exactly the same thing).
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