The Liberian Ship and Corporate Registry’s Hara Gisholt and Hilary Spilkin participated in Marine Money’s market close event at the NASDAQ stock exchange as part of the 27th Annual Marine Money Week in New York City, June 17-19, 2014.
In a recent press release, Scott Bergeron, CEO of the Liberian International Ship and Corporate Registry (LISCR), the US-based manager of the Liberian Registry, commented on the impact that private equity funding is having in filling the shortfall in traditional bank financing for shipping. Mr. Bergeron states,
“Owners are ordering ships again, and there is a great deal of private equity funding entering the market, in the US and elsewhere, which is filling the shortfall created by a reduction in traditional bank finance for shipping. Liberia has the second-highest share based on market capitalization of shipping companies listed on the US stock exchange, behind only the US. Well-informed private equity investors recognize Liberia’s pedigree in shipping, and understand that it is a key player in the market.”
The complete press release is available online.
Liberian non-resident corporations are highly regarded and accepted as vessel owners throughout the global ship finance community.
Please visit Marine Money’s website for more information on its role in bridging the gap between shipowners and the international capital markets and for a list of its upcoming conferences. For a crash course in the world of maritime finance, be sure to check out Marine Money President Matt McCleery’s book ‘The Shipping Man’.