Cruiseship deals dominated as export credit agency (ECA) financing hit record levels in 2017.

A report by TXF Data and law firm Allen & Overy has revealed shipping markets shrugged off a lacklustre first quarter to post a record $7.27bn in volumes in the second quarter, following that with third and fourth quarters that surpassed their equivalents in 2016.

Three of the four transactions of more than $1.5bn