| Case Title |
Financing Structures in the Shipping Industry: Singapore's Pacific Shipping Trust |
| Case Author(s) |
Wee Beng Geok Ivy Buche
|
| University |
Nanyang Technological University |
| Abstract |
Singapore's first shipping trust - Pacific Shipping Trust's (PST) initial public offering (IPO) launched in May 2006 presented an alternative source of funding for ship owners and operators. Six months later, after announcing higher than promised yield to the investors, the trust manager - PST Management Pte Ltd was eager to enhance and diversify both its asset as well as customer base. However, over this period, the share price had fallen below the IPO price and trading volumes were relatively low.
The case describes the challenges faced by PST Management in growing the trust - what steps could be taken to generate awareness about the business of shipping and the role of shipping trusts? How could they improve market perception and enhance investor confidence in PST as an attractive investment option? |
| Available In |
The Nanyang Case Collection |
| Publisher |
The Asian Business Case Centre, NTU |
| Publisher Case No. |
ABCC-2006-008 |
| Distributor(s) |
The Asian Business Case Centre
|
| Pub/Rev Date |
2006 |
| ISBN |
|
| Case Length |
23 pgs |
| Teaching Note |
No |
| Pub TN Ref No. |
|
| Pages (TN) |
|
| Issues |
Ship financing alternatives, Shipping Trust |
| Organisation(s) |
Pacific Shipping Trust
Pacific International Lines
|
| Countries |
Singapore |
| Industry |
Marine & Shipping |
| Period Covered |
2006 |
| Level |
Postgraduate |
| Links of Interest |
Pacific Shipping Trust's Website
|
| Back |