The major banks' lending to shipping continues to drop and now stands at the lowest level in at least a decade, writes Greek analyst firm Petrofin Global Bank Research, which covers loans for shipping.
According to a new report from Petrofin, the 40 biggest shipping banks had combined loans to the sector for USD 300.7 billion at the end of 2018, a decrease of almost USD 45 billion compared to 2017.
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