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Greek owner warns of sub-participation upsets in shipping loans

Shipowners should beware the arrival of new sub-participants in their ship loan, a trend that has increased as banks exiting the industry have sought to sell single loans if not entire portfolios, according to a Greek owner who has seen what can happen from the inside

UK law offers scant protection against ‘abuse’ of lender-borrower relationship norms, claims owner fighting bulker arrest

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