Subscribe to RSS feedTHE FUNDING GAP
There is a US$250bn shortfall in financing for newbuildings in the current global orderbook. The maths is simple, but the solution is difficult, as TONY GRAY finds out
Searching for the right answers: questions are being raised on how the huge US$250bn financing gap for newbuildings can be filled when the banking market has all but closed to shipping?
SUBTRACT US$250bn of already financed ships from a newbuilding orderbook of about US$500bn, and what are you left with?
Unfortunately, the answer is another US$250bn of unfinanced newbuilding contracts.
Even if this staggering estimate was now a little...
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