Citibank’s head of global shipping and logistics says ship finance is now under the scrutiny of those outside the forgiving maritime community having been name-checked by the European Central Bank in a policy review.
Speaking at a conference in London today, Parker said: “Morten Arntzen, former CEO of Overseas Shipholding Group, at Marine Money in New York a few years ago used the expression, ‘the banks are kicking the can down the road’ as none of the tough actions have been taken against shipowners when they have breached financial covenants.
“We
