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Professor: New bank regulations could thwart ship financing

It will become extremely difficult for carriers to get financing from banks going forward, and even if they manage to do so, the price will be towering, Eddy Van de Voorde, professor of maritime economy, tells ShippingWatch ahead of a proposal for new bank regulations.

BRUSSELS

A committee under the global association for central banks, Bank of International Settlements, has heralded a set of new capital requirements for the banks. The requirements have been dubbed Basel IV and are being prepared even though Basel III has still not been fully incorporated into legislation.

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