Owners on Banks

While results from an informal poll of finance managers and officers of major shipowning companies did not throw into relief major news-breaking trends, they did shed light on the very interesting financing habits of the world’s shipowning community.

For example, responses to the question: “Have lending banks been more favorably disposed to shipping in the last year?” ranged from yes and no to maybe. Answers on other questions were equally variable, such as: “Are your mortgage loans fixed rate or floating?”; “Have you refinanced in the last 12 to 18 months?” and “What is the optimum debt-to-equity ratio for a shipping company?”

Documenting responses on a percentage profile basis may not be worthwhile, but a case-by-case look is definitely in order. After all, isn’t ship finance synonymous with case-by-case?

This is only an excerpt of Owners on Banks

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