Shipping companies need to be more transparent to raise financing, according to a survey of German ship owners conducted by KPMG LLP.
Ninety percent of respondents said the shipping market’s future will depend on “securing new equity sources,” and 62 percent said “transparency of company structures” will be increasingly important, KPMG said today. The survey, conducted in the second half of 2011, represents owners of 42 percent of the German fleet, the London-based advisory firm said in a statement.
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