Finance and Insurance
Access to ship finance will become scarcer
Shipowners, already squeezed as the 10th anniversary of the shipping downturn approaches, should brace for less available capital in the coming five years, according to a new survey released by Norton Rose Fulbright.
The law firm’s eight annual transport survey was downcast on ship finance availability with 41% of respondents claiming funding would become even tighter.
Moreover, 54% of those polled said they expected that enforcement actions taken on troubled shipping loans would increase over the next five years.