Wednesday, October 24, 2012

[Marine] Owners struggle in financing

Owners struggle in financing

Major global ship owners are struggling hard to secure ship financing.

Due to depressed global shipping market and tightened financing, shipowners find it hard to raise funds in time with newbuilding delivery.

Even large ship owners are having difficulties in funding for the prices.

Therefore, recently, postponement of delivery, newbuilding resale by cancelled contract, etc., are steadily rising.

A shipbuilding player said "We are concerned about possible more delays in delivery or contract cancellation in the future, as those shipowners who already have placed orders are going through liquidity problem as well as facing tightened ship financing."


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{C}{C}Published : October 23, 2012


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