Banks will stop offloading portfolios of non-performing shipping loans this year and will likely switch to selling off some of their financing in other areas, according to a leading expert.
Meanwhile, shipping companies can forget about buying back their non-performing loans (NPLs) at a discount from distressed-debt investors that previously acquired them from banks.
These were points raised by Aaron Sen, head of shipping loan management at debt manager Mount Street, while speaking at the Marine Money conference in London on Wednesday.
