Boxship owner urges tougher entry barriers to protect shipping from 'substandard' competitors

摘要

Shipping as an industry is more complicated than many investors realise, while quality companies are under unfair pressure from the existence of sub-par operators, according to a leading owner of containerships. "Investing in shipping is not a very simple thing," said John Coustas, chairman and chief executive of Greece-based containership owner Danaos. But, he said, "a lot of people are putting money into shipping without understanding what are the dynamics.