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Communicate with ShipShares LLC |
"Early ships were built on shares. Some men of the community supplied money for wood, metal, and rope. Others contributed their time and skill. Merchants supplied provisions for the voyage. Each took shares entitling him to participate in the profits in proportion to his contribution." Merchant Marine for Trade and Defense US Maritime Commission, 1946 |
DISCLAIMER Professional Services Private Investors PE / VC / BD / SPACs etc. Debt Providers Leasing
Issuing shares in ships has been a mechanism for launching new maritime enterprises since the Age of Discovery. Venice led by dividing ownership interests in a vessel
into 64ths.The Netherlands improved upon this by making the interests freely tradeable, and in the process simultaneously created the Dutch East India Company, the Amsterdam Bourse and history's first true IPO. The shares-in-ships model crossed the Atlantic after the American Revolution to become a major source of capital to build the young nation's merchant fleet. |
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Many mechanisms to raise capital for shipbuilding / marine transport projects exist today in the US and elsewhere.
We focus on equity formation since it is often the essential required foundation piece of a larger capital structure. Other attributes of equity are its ability
to be leveraged and absence of fixed expense. TransTech / ShipShares LLC welcome communication from fellow professionals interested in building ShipShares LLC into the go-to site for innovating socially responsible, sustainable and profitable commercial shipbuilding and marine shipping initiatives. Thank you. |