As other banks seeks to exit or reduce exposure to the sector, ABN has increased its book to between $7bn and $8bn, from $2.5bn four years ago, according to head of transportation Gust Biesbroeck.

He said the lender would continue to expand in shipping.

"We expect a growth of 10% to 12% of our portfolio this year and the plan for up until 2017 is continued growth at about that pace," he told Reuters.

"We