Concerns about bias among offshore carriers' banks

Partiality problems cannot be ruled out when a shipping bank serves as a creditor while also consulting carriers in financial turmoil through its brokerage department. This debate is intensifying up in Norway.

BY CHRISTIAN BARTELS

There could be a bias issue related to the fact that a bank can provide a loan to a carrier while also serve as a consulting brokerage company for the same carrier when its asset values face upgrades or impairments, or seeing as the negotiations regarding loan provisions take place with the same bank.

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Concerns about bias among offshore carriers' banks

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Front page now

Maritime & Merchant notes fierce competition in loans for shipping

Packed container ships trigger surge in air freight demand

14 arrested at demonstration in front of Maersk headquarters

Spot prices for container freight continue to rise

Norwegian car carriers bag multi-year contracts

IMO's fossil fuel ban in the Arctic faces criticism

Record influx of container ships this year will not cause trouble until 2025

Cosco and CMA CGM expect further pressure on major European ports

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Dry bulk players dismiss green fuels in favor of low-hanging fruits

Less than one percent of the container fleet is currently idle

Congestion in Asian ports is now as bad as during Covid

Further reading

Kuehne+Nagel triggers unrest among staff with new management structure

Cosco and CMA CGM expect further pressure on major European ports

Congestion in Asian ports is now as bad as during Covid

Less than one percent of the container fleet is currently idle

14 arrested at demonstration in front of Maersk headquarters

Dry bulk players dismiss green fuels in favor of low-hanging fruits

Jobs