Ship financiers should grant shipping companies more time and flexibility to repay loans during the Covid-19 pandemic, the Union of Greek Shipowners (UGS) said in its annual report.
Measures to boost liquidity should be “urgently adopted and speedily implemented” to help the industry go through that crisis, the UGS said.
According to the report published on Monday, such measures should include “the granting of a deferral on amortisation and suspension of payment of scheduled instalments of shipping loans for a determinable time frame”.
