Owners look to bonds and equities

AN EMERGING recovery in equity and bond markets could help replace traditional bank finance in the shipping markets, according to Citi global banking. The prediction comes as the funding gap for newbuilding deliveries this year was estimated to top US$60bn and US$350bn for the entire global fleet on order. Outlining the possible financing options, Citi global banking managing director for industrials Anup Mysoor said US$7.9bn of equity has been invested globally in shipping so far this year, higher than the level in 2008 and approaching 2005 and 2006 levels.

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