| Disadvantages |
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| Company’s actions are dependent | Company’s Board of Directors is independent | Reporting to shareholders is required | Slower decision-making | Company has to establish an Auditing Department & appoint Internal Auditors |
| A flawless accounting dept. has to be established | To create & keep transparent accounts & audits | Strict rules & very expensive listing (more than $1 m) are involved; to pay at least $ 1 per share | Company’s stock may be valued < than the value of ships in a bad market (2009) | Company runs a risk to be taken-over by a competitor; this depends on what is one’s company’s % share |
| Advantages |
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| No need to invest all one’s own money to buy ships; less personal equity; one buys ships with stocks—not with cash | If one is able to tap capital markets by a good story, one can raise far more money than using the traditional finance | Shareholders support one in additional projects or take-overs, if: he/she performs well, stock performs well & he/she pays good dividends | US investors like transparency, honesty and information in bad & good times by company’s CEO; then they are loyal | Buy one’s own stock cheaper & better if share price falls substantially |