Finding financing has always been a big hurdle for Middle Eastern shipowners, who have long complained that the scarcity of funding in the region impedes opportunities for growth.
Coronavirus has worsened the situation, leaving many hamstrung when it comes to plans to invest in new tonnage or diversify their fleets.
Marine Money’s virtual Gulf Ship Finance Forum on 25 November provided a telling glimpse of ship finance in the region as it stands today.
