The project finance market may be subdued, according to Norwegian shipping lender Pareto Bank, but that could all change if there is a turnaround in the Red Sea conflict.
Pareto’s head of shipping and offshore Morten Kvalshaugen said: “In the asset-play market, you need changes to drive transactions. If the earnings and prices are flat there will normally be low activity, as values tend to be synchronised with earnings expectations.”
