Graham Porter, managing director of Seaspan Advisory Services, said that, by his reckoning, new ships on order over the next three years totalled some $450 billion-$500 billion and that $300 billion of debt would be needed from ship financing banks.
Porter, who was chairing a panel discussion at the conference organised by Marine Money, thought there would be a shortfall of roughly half this amount.
Last year was a record for debt lending in the marine finance market with $95 billion raised. Panelists...
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