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Dagfinn Lunde: Overcapacity concerns

Athens: Today we catch up with one of the most famous names in ship finance, Dagfinn Lunde, who, since leaving DVB Bank, has taken on a range of roles including becoming this title’s regular finance columnist.

While tanker rates have rallied, Lunde remains worried about prospects for dry bulk although he is not as bearish as some. “Talk of no decent markets for dry bulk through to the end of the decade is far too pessimistic,” he says.

“Dry bulk will have spikes especially for bigger ships, but there is enormous oversupply across the board,” he says.

In terms of the best way to raise cash, Lunde reckons if an owner has a good balance sheet and a decent track record, commercial banking is coming back in a big way. There is also still an “interesting market” for bonds especially for those tapping markets in Oslo and New York, Lunde says.

Lunde’s full thoughts on what sectors have the best prospects going forward plus his viewpoint on how low oil prices will impact shipping can be read in his latest column for Maritime CEO magazine, available for free by clicking here. [18/12/14]

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