Firm Feature
By T-N Finance Correspondant Bill Payer
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.
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