Shipping Loan Issuance Hits $94 billion in 2007

The numbers are in. Credit problems aside, syndicated shipping loan issuance in 2007 topped out at $93.9 billion, beating the previous year’s record $76.4 billion. While we did see a fall-off in volume of 17% in the third quarter, 4Q07 and 2H07 issuance were both up, by 23% and 10% respectively. This compares reasonably to global leveraged loan volume, which was up 38% in 2007 to $1.77 trillion. However that rise was almost entirely accounted for by the first half of the year, with global 2H07 issuance down by 38% over 2006.

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