This month's featured company
Shanghai'd Shipping.
Registration Country: Panama
Owners: Blaggers Corp.
Chairman: Dicky Longstaff,
Sir
Value: £23.5m
Assets: £12m
Share Price: £1.75
Profile:
SS have been trading for the last 7
years and are known as the unluckiest company in the business.
Their fleet of ramshackle 1940's tankers make their way around the globe
on a wing and a prayer. Chairman Dicky explained that they
generally lose one or two ships per year, usually stocked to the gills
with expensive items. Were it not for an understanding insurance
company (DLI) I'm sure we would have floundered years ago, but we sail
on regardless. |