Ship Finance in the FSU and Eastern Europe

by Alan McCarthy, vice-president Tufton Oceanic London

Sufficient time has passed since the break-up of the former Soviet Union and the Comecon trading block to arrive at some reasonably sensible views of the shipping finance market in this area.

Much has been written already, and executives in the major shipping banks find in their morning post almost every day an invitation to spend some time and money to attend this course, that seminar or another jamboree in a glamorous (Western) city to discuss new opportunities and developments. There is no shortage of authors or speakers eager to pass on their views and comments. Most of them anecdotal.

It is important, therefore, to consider what really has been done in the way of ship financing, and by whom.

This is only an excerpt of Ship Finance in the FSU and Eastern Europe

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