Access to ship finance will become scarcer

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.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

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