ShippingWatch

Three bank managers control shipping loans for USD 42.8 billion

The Nordic tripod of Danske Bank, DNB, and Nordea controls shipping loans for a total of USD 42.8 billion. ShippingWatch has met with the banks and their heads of shipping. Read on to learn where they're placing their bets.

Photo: Svilen Milev / Stock.Xchng

OSLO:

If a shipping company needs money to invest in newbuildings or a fleet of second hand ships, Oslo is a good place to start. This is the city where the three major Nordic banks, Danske Bank, DNB, and Nordea have gathered their senior executives who make the final calls when the banks invest in shipping or offshore.

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