Norwegian lender SpareBank 1 SR-Bank has cut back on offshore vessel exposure as it increases lending to conventional shipowners.

Its shipping and other transport loan book stood at NOK 11.96bn ($1.36bn) at year end, up from NOK 11.37bn at the beginning of 2021 and NOK 11.87bn on 30 September.

Swire sells $34m of stock in Cadeler as its holding falls further
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This is up NOK 93m in three months.