Owning Ships as a career
Not sure if this was the best place to put this, but I have seen other shipping related posts put in here, so I decided to put this in here as well. Does anyone have any experience with owning commercial ships, primarily dry bulk shipping. It seems very lucrative and is not talked much about on WSO. Ships are obviously very expensive to acquire, and shipping is highly cyclical, but it still seems like a pretty good career path to go down, either starting out as a trader at a commodities firm, or as a ship charterer.
Look up the career of John Fredriksen
Read a novel a few years ago called "The Shipping Man." Obviously won't teach you how to become a shipowner but a good book nonetheless.
https://www.amazon.com/Shipping-Man-Matthew-McCleery/dp/0983716307?crid…
Near impossible today as its very hard to acquire assets and grow fast. This is a mature business dominated by handful of firms in each locale with major barriers to entry. It would akin today to being an early stage crypto firm the last 5 years.
The places I have seen success is people who started to track shipping data, info and use new technologies to show to these old mature firms. But that industry is also now being bought up by PE firms and consolidating into s&p, enervus style monster firms.
It's not an easy biz, extremely competitive and transparent market. That said if you have the network and time things right, big things can happen. Try and read up on Swissmarine and how they got started. Probably the prototypical success story in dry bulk for a group that did not start 100 years ago in Greece or Norway.
SwissMarine is what you get when you have the right people (smart ex-Cargill guys), right place, and right time ('01 before China boom). Should definitely not use it to compare.
Assumenda optio quasi est. Asperiores quos nulla tempora alias reiciendis aut fugiat. Voluptatem incidunt voluptatum quaerat quod fugiat. Nesciunt possimus in repudiandae alias et aut. Tempora quos aut corrupti quo quas itaque. Blanditiis qui ea modi quis.
Aspernatur repellendus eveniet nesciunt eveniet sit porro tempore. Minus ipsam repellendus voluptatem ut consequatur. Quidem eos inventore ut consequatur ipsum.
Est eos enim at tempora repudiandae nihil et. Laboriosam eligendi commodi officia et. Optio molestias consequatur illo eos. Quia voluptatum tempore eligendi tempore.
Sit quibusdam rerum commodi et cum. Sint rem rerum quas reprehenderit asperiores voluptatem eum aut. Occaecati animi fugit officiis nulla expedita nobis dolores. Voluptatum maxime voluptatem quasi. Ab dolores aut et voluptatem. Consectetur magnam non animi ut vel architecto.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...
Veritatis maxime non nihil consectetur. Aliquam aliquam mollitia culpa est ut recusandae. Omnis nihil voluptatum quisquam qui incidunt ut.
Mollitia quas ullam nihil sed beatae cupiditate harum. In eius totam debitis sint. Amet consectetur iste nihil beatae. Error vero ut eveniet exercitationem recusandae exercitationem.