FINANCING STRATEGIES FOR UNITED STATES SHIPPING COMPANIES

The problem treated in this paper is that of defining and developing the relevant decision areas with respect to the financing of vessels of U.S. shipping companies. The financial position of U.S. shipping companies is analyzed including the areas of corporate capital structure, liquidity, and profit ability. Debt and equity instruments available to U.S. shipping companies are described as well as the tax environment in which these companies operate. Major Federal programs relevant to vessel financing are covered which include TITLE XI Insurance, Tax Deferred Reserve Funds, Operating Subsidy and Construction Subsidy. A framework drawing together all pertinent factors is developed for making the vessel financing decision.

• Corporate Authors:

  Massachusetts Institute of Technology

  Department of Ocean Engineering, 77 Massachusetts Avenue
  Cambridge, MA  United States  02139
• Authors:
  • Buttner, S G
• Publication Date: 1972-6

Subject/Index Terms

• TRT Terms: Construction; Finance; Financing; Operating subsidies; Planning; Subsidies
• Uncontrolled Terms: Financial management
• Old TRIS Terms: Financing plans
• Subject Areas: Administration and Management; Construction; Finance; Marine Transportation; Planning and Forecasting;

Filing Info

• Accession Number: 00044175
• Record Type: Publication
• Source Agency: Massachusetts Institute of Technology
• Files: TRIS
• Created Date: May 11 1973 12:00AM