Greece’s latest spat with its international creditors is heading towards a resolution, dispelling any doubts this might have created among investors on Greek shipowners’ initial public offering (IPO) plans, said economists and investment bankers at an Athens conference this week.

The threat of an imminent sovereign default was never a real danger to Greeks’ plans to raise capital in Oslo or New York because the investors usually funding them are savvy enough to know they are virtually immune to their government’s woes, argued Wiley Griffiths, managing director and head of Morgan Stanley’s global shipping team.