Generous lending terms have long been one of the secrets of success for Taiwan’s conservative shipowners. But many of them are now worried Nobu Su may have spoiled a good thing for them.
Or that the Taiwanese banks themselves have spoiled it by naively lending to an at-risk owner, and then taking out their frustrations on the innocent.
The federal bankruptcy court in Houston, Texas has lately become one of the main places of business for Taiwan’s ship finance industry, as bankers try to control their huge exposure to Su’s beleaguered TMT.
“That’s
