The Financial Crisis Is Over? – Bank Debt Award

Last year at this time, we were looking back at 2009 in wonder. We marveled as the void in bank lending resulting from the financial crisis was filled by the capital markets, ECAs and the Asian banks, which happily escaped the Western flu. And it was not temporal, all continued to be key players in 2010 and have solidified their critical roles moving forward. In fact, it is safe to say that where the shipping industry historically “banked” on the banks for capital, in today’s brave new world, multiple funding sources are requisite. Moreover, it became clear that public companies with access to the capital markets had a real competitive edge.

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