Our public shipping companies have tiny market capitalisations and their shares are illiquid.
I think we must break the ‘high-payout’ dividend habit. Paying out high dividends has resulted in companies being unable to act to acquire assets in weak markets. Indeed many were bankrupted when the last cycle cracked in 2008-2009.
About the Dare to Lead report
TradeWinds asked leaders what problem they would solve, what opportunity they would pursue and what people, living or dead, would make their dream-team board of directors if they ruled global shipping.
