For anyone who approached a shipping bank in 2015 requesting a shipping loan (mortgage), the reality has been as rough as the waves of the North Atlantic in the winter season. Shipping banks have been leaving a large funding gap behind them, and a few new entrants to the market, whether banks, lessors, or more prominently credit funds, have been making waves about. In the current issue of the Cayman Financial Review, Basil M. Karatzas with Karatzas Marine Advisors & Co explores the new reality.
The article can be accessed online at the website of the Cayman Financial Review by clicking here, or a pdf article of the article can be access by clicking on the picture herebelow. The article has been reproduced courtesy of the Cayman Financial Review where the copyright belongs to. We are thankful to them for hosting us for the second time in a year, testament to the Caribbean Islands being hospitable to maritime and shipping finance insight!
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