Now this might sound crazy, but one night I was having trouble sleeping and I got curious and started looking at what a used, mid sized ocean going tanker goes for. They are actually surprisingly cheap, for around 2MM you can get a decent looking ship. Now my question is, what would the barriers to entry for this hypothetically be? I am not educated at all in the shipping industry but it made me think, what are the barriers to entry into starting a shipping company- apart from the huge startup capital. Could an independent contractor of sorts even make money if they were able to hire a crew and raise the capitol?
Just a crazy idea that I wanted to hear what people think.
h t t p : / / w w w. ma r i t i m e s a l e s . c o m / P A C 1 9 . h t m
link to the ship in question. I am not sure how to get around the WSO ban on links. PM and I'll send you the link to show you I am not nuts.
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