Shipping finance is grappling with the big question of what is pragmatic and achievable as opposed to idealistic but over-ambitious when it comes to climate goals. Those at the top are struggling to maintain a vision, while the squeezed middle is happy to pay for availability and focus on the immediate markets
Eleven out of 23 ship finance portfolios of Poseidon Principles signatories were aligned with the IMO's maritime decarbonisation targets, according to its latest report
“We don’t believe old-fashioned ship finance can continue in the long run. We saw the banks pulling back and tried to find something new and different,” argues a veteran shipping banker turned fintech founder
Ted Petropoulos reviews the state of global ship finance and finds that a long-awaited recovery in bank lending to the industry in 2021 is already showing signs of stalling in 2022
Heaped compliance pressure, restrictions on using shipbrokers and concerns over further regulatory scrutiny could all slow business but lessors are said to remain active and keen to change the perception of them being out of the game. Their strategic importance to China’s shipbuilding industry will help keep them safe from any long-term impact from Beijing’s regulatory heavy-handedness
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