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Advice Concerning the Starting of a Tramp Shipping Company

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  • Advice Concerning the Starting of a Tramp Shipping Company

    Hi All,

    I have been interested in the tramp shipping business for some time now and have been looking into the feasibility of creating my own tramp shipping company. I have already purchased and read a number of books on the subject, from the standpoint of the business owner. I have no experience in shipping, the only knowledge I have so far is from the various books I have read.

    Based on what I have read and from my limited understanding so far, I would first need to start a company, secure financing from a bank, preferably a maritime bank and purchase a relatively low cost ship in reasonable condition, either container or bulk. I would imagine that securing finance would be the most difficult hurdle to overcome. I also assume that as the business owner I may need some technical knowledge on the operation of such ships even with a crew operating the ship.

    Any advice or suggestions on the topic would be appreciated.

    Thanks in advance.

  • #2
    hello Vaughan, shipping is very complex. It requires a variety of expert skills plus a substantial capital enabling to start a venture. Most of all it requires a plan. After having gained experience in the business for some 40 years I am teaching people about shipping and how to be successful. Starting in shipping based on a certain interest is likely not sufficient. it is perhaps better to continue studying further and make a plan first.

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