Financial Crisis Has Tide Rising on Shipping ETFs
October 10, 2008 at 16:00 PM EDT
Financing to ship owners and companies are expected to drop by one-third as money markets are at a standstill, potentially leaving related exchange traded funds (ETFs) lost at sea. The frozen money markets are driving away the ability of banks to raise funds, and shipping prices are dropping, says the industry’s largest lender. Alaric Nightingale and Maher [...]