Subscribe to RSS feedOwners use innovation to raise finance
Even though there appears to be a slight thawing in shipping banks’ ability and willingness to lend to shipping, loan-to-value ratios remain restricted and owners still need to stump up large sums from other sources.
This scenario is resulting in further innovation in fundraising for ship investments.
Following General Maritime’s recent success in raising US$620m from a mixture of bank loans and a blank cheque structure to acquire tankers from Metrostar, another Peter Georgiopoulos company,...
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 |
