 Banks offering ship finance might be at their lowest levels this century, but shipowners have been warned they will likely decline further.
Speaking during the ship finance session at Tuesday’s Maritime CEO Forum at the Monaco Yacht Club, Dagfinn Lunde, a Splash columnist and founder of eshipfinance.com, noted how globally the volumes of ship finance from banks have shrunk by 35% since the onset of the global financial crisis in 2008, and yet the world’s merchant fleet has grown by 60% in this timeframe.
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