Strategies that shipping companies can adopt to raise funds

Shipping is a multi-billion-dollar industry and undoubtedly an effective engine that spurs the growth of the global economy. The seaborne trade has been and will always be the channel for distributing goods and cargos, with the distance varying from one port to the next. Without adequate funding support, vessels will not be able to leave port, and commodities will not reach their intended markets. Hence, while operational efficiency must be achieved, financial sustainability must also be given equal importance.

An expensive business