Subscribe to RSS feedForeclosures ‘set to rise’
by
Richard Meade, London
—
last modified
Aug 13, 2009 05:07 PM
BANKS are expected to foreclose on more shipping industry loans towards the end of the year as breaches of loan covenants become ubiquitous across the industry.
While most banks are willing to negotiate covenant waivers rather than pull the carpet from underneath owners in breach of loan agreements, ship financiers have told Lloyd’s List that the prospect of foreclosures and ship arrests will increase as the...
This full article is available to Lloyd's List DCN subscribers only.
If you are already a subscriber, please sign in below.
If you're not a subscriber and would like to experience the full benefits of Lloyd's List DCN with a 14 day trial, please click here.
Alternatively, click here to subscribe.
| Tweet |
Daily Top Stories
- Ray Fehlberg, “supply chain champion,” passes away
- China’s coal and ore orders face default or delay
- Tassie exporters get a boost
- Tacoma box volumes up 4.3%
- ID Integrity safely towed to Cairns
- Titan Maritime begins removing Tycoon wreck
- Drought threatens next Australian grain harvest
