Shipbuilding Finance

  • Charles R. Cushing
Chapter
First Online:

Abstract

Unquestionably, the acquisition of a vessel is a major undertaking. It is a project that involves the expenditure of a vast amount of money, manpower and other resources. Frequently, such an acquisition program calls for acquiring not just one vessel but several at the same time. This makes the project even more financially significant. Because of the amount of money involved, the long-term major commitment of the buyer and the risks involved, a vessel acquisition program requires a formal and disciplined approach to the project. This includes strategic planning, the development of a mission statement, the use of professional advice, the identification of risks, the development of a schedule and budget, and strict adherence to them—in short, disciplined project management.

Keywords

Interest Rate Venture Capital Mission Statement Shipping Company Debt Financing 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.
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Copyright information

© The Author(s) 2016

Authors and Affiliations

  • Charles R. Cushing
    • 1
  1. 1.C. R. Cushing & Co., Inc.New YorkUSA

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