Ship finance has its narratives, just like other finance niches. The recent story goes like this: over time, the post-Lehman Brothers financing gap left by the exit of traditional shipfinance banks has been filled by Asian banks and export-import policy institutions; bond and equity investors; and the entry of private equity (PE). After banks’ retrenchment, distressed loan portfolios were sold into a now-lively secondary market.
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Navigating the next phase in shipfinance
The industry’s recapitalisation is well underway but the gap left by traditional shipfinancing still persists, writes Soo Cheon Lee, co-founder and chief investment officer of SC Lowy
22 January 2015 11:12 GMT
Updated
22 January 2015 11:12 GMT
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