Bumi Armada Berhad: Banking on New Opportunities in a Challenging Climate

By Nora Huvane

The start of our Asia award period this year coincides almost perfectly with the collapse of Lehman brothers in September 2008. All of the capital markets have gone through a difficult twelve months, but it was arguably still the banks that were hardest hit. This was dramatically evidenced in the shipping industry. Figure 1 shows clearly the drop-off in total volume generally, and in new money specifically.

Almost as important as the change in volume has been the change in the character of the deals being done. Many new deals are ultimately “back to basics”

This is only an excerpt of Bumi Armada Berhad: Banking on New Opportunities in a Challenging Climate

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