Consolidate to attract new capital, says Slater

John McLaughlin - Monday 11 May 2009

Paul Slater

THE shipping industry must undertake a wholesale restructuring if it is to attract new equity capital and debt financing, First International chairman Paul Slater told the Mare Forum Italian shipping conference in Sorrento today.

Mr Slater argued that “shipping companies must consolidate their operations into larger corporate entities to a...

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