Shipping banks are feeling better about market sectors but are highly unlikely to repeat the lending excesses the characterised shipping’s former boom times.
That was the word from veteran financier Michael Parker, global industry head for shipping for Citi, as a banking panel addressed the current anaemic state of debt financing at Capital Link’s International Shipping Forum.
“Because the market is so bad, I think shipping is poised for a good time,” Parker told the audience.
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