50 Ways to Leave Your Lover

With the shipping high yield market as dry as a charter broker’s mouth on a Saturday morning, and most investment bankers either staying clear of it completely or involved in restructuring a deal gone south, shipowners must look elsewhere for financing. Whether it is to seek new lines of credit or to refinance the existing structures, the door to knock on is the one which provides good old-fashioned commercial bank lending.

While most shipowners might expect to get the door slammed in their faces, after talking to commercial banks all over the world, we at Marine Money feel that owners might be in for a surprise. All banks have told us that their main objective is to do more with their existing client base. This said however, with the exception of the banks involved in Lygnos and other banks nursing their bleeding portfolio of Greek drybulk owners, most banks are trying to generate new business with existing clients.

This is only an excerpt of 50 Ways to Leave Your Lover

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