Shipping banks are unhappy with the lack of clarity on the industry’s approach to environmental issues.
DNB’s global head of shipping, Christos Tsakonas, told the Marine Money Asia conference in Singapore that environmental considerations are “extremely important”, but said the question is how far must banks go.
“I look at my competitors here and say, ‘Would you stop financing companies and say no to profitable deals if you are not satisfied with the way they recycled their ships?’,” he said.
