Dutch lender NIBC Bank has quietly passed the €1bn mark in its shipping portfolio.

That of course does not make it the biggest ship lender, but then its clients are not the biggest of shipowners.

As global head of shipping Michael de Visser told TradeWinds, NIBC targets the smaller and medium-sized owners who largely have been abandoned by traditional shipping banks.

And while there is no pressure to grow for growth’s sake, the lender also would not mind doubling the size of its current book if the market evolves the way it projects.