Dimitri G. Vassilacos

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The Case for Regulatory-Driven Diversification in Ship Finance

By Dimitri G. Vassilacos 2019-01-13 17:41:39

A decade ago, we all knew of at least one shipping company that felt safe receiving its debt financing from a single source (a behavior that was, unfortunately, encouraged by some bankers), and eventually experienced immense pain when some key-lenders abruptly withdrew from ship financing.  Back at that time, sourcing finance from a handful of different - typically European - banks (as opposed to, from a single one), was considered a sound approach...

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