The International Handbook of Shipping Finance
The International Handbook of Shipping Finance
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DOI：
10.1057/978-1-137-46546-7
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发表时间：
2016
影响因子：
2.2
通讯作者：
M. Kavussanos;Ilias D. Visvikis
中科院分区：
文献类型：
--
作者：
M. Kavussanos;Ilias D. Visvikis
并购在塑造各种全球行业方面发挥了至关重要的作用，航运业在一系列并购交易中有着相当活跃的记录。在一个受到运费和资产价值大幅起伏影响的行业，有效发起、培育和整合收购、合并或战略联盟的能力提供了宝贵的竞争优势。特别是在过去几年中，航运业内部的整合显著加快，特别是在航运服务方面，如船舶管理公司、船舶代理公司和经纪公司，这些公司正走到一起，从其合并规模中实现协同效益。在拥有船舶的领域，尽管传统的、由协同效应驱动的交易不那么频繁，但市场状况的结构性变化可能会导致并购活动加快步伐。最近出现了资本密集型战略的趋势，旨在获取规模经济并降低成本和金融风险，以及本手册强调的航运融资市场的不断演变和日益多样化，这可能会在一个传统上抵制这一趋势的行业引发进一步的整合，呼吁对这一海事领域中这一相当未被探索的领域进行当代的深入分析。
Mergers and acquisitions (M&A) have played a vital role in shaping various global industries, and the shipping industry has had a fairly active track record for a range of M&A transactions. In a sector affected by sharp and significant peaks and troughs in freight rates as well as asset values, the ability effectively to originate, cultivate and integrate acquisitions, mergers or strategic alliances offers a valuable competitive advantage. Over the past few years in particular, consolidation within the shipping industry has picked up significantly, especially among shipping services such as ship management companies, ship agencies and broking firms that are coming together to realize synergistic gains from their combined scale. In the ship-owning spectrum, although traditional, synergy-driven deals are not as frequent, structural shifts in market conditions are likely to result in M&A activity gathering more pace. The recent trend towards more capital intensive strategies, aiming to capture economies of scale and reduce costs and financial risks, as well as the constant evolution and growing diversity of the shipping finance market highlighted in this handbook, are likely to trigger further consolidation across an industry that has traditionally resisted it, calling for a contemporary, in-depth analysis of this rather under-explored area within the maritime spectrum.