Study on Marine Equipment Finance Debuts
Posted 03/16/09
As part of the transportation series, the Foundation presents a new study: 2009-2013 Transportation Outlook Series: Marine Equipment Finance Market, researched by IHS Global Insight. This study looks at current factors affecting the marine equipment financing market, as well as making some predictions for its future.
The marine equipment finance market experienced several years of rampant growth and investment, but its now “on hold”, waiting out the economic slowdown. Many shipping industry operators are struggling to survive. The report says consolidation is expected, and as assets depreciate, opportunities abound for new investors who have an interest in shipping. Pressure on shipyards will be phenomenal – to adopt new technologies and new strategies and ways of doing business.
After several years of frenzied expansion activity, interestingly, the credit crunch also could prove beneficial by preventing an oversupply situation. And, with capital being scarce and the number of financial institutions to which the marine industry can turn for additional funding shrinking, equipment financing companies are in a position to dictate more restrictive terms and perhaps higher rates than in the past.
These facts and more about the state of the marine industry, including expected activity, can be found in this new report. As with all Foundation research products, donors receive the report free of charge. Non donors may purchase a copy for $300 from the Foundation store.
Don't miss the webinar on this study - Thursday, April 30th, 1:00 - 2:30pm. Check out the ELFA site for more details.
Sites of Reference:
http://www.elfaonline.org/pub/events/elearning/Webinars.cfm
http://www.store.leasefoundation.org/product/marine/
