ShippingWatch

Drewry on ShippingWatch

ShippingWatch regularly interviews market analysts at one of the world's most recognised maritime institutions, Drewry from Great Britain. Today, shipping analyst Barry Parker tells about the challenges within global ship financing

How is your general assessment of the need for capital in the shipping industry in 2012 taken the international financial crisis and the following consequences for the shipping industry into consideration?

"The industry climate now has moved into what some analysts have called “restructuring redux”. This second wave of moves to rearrange shipping company financings, in 2011-2012, reflects an exasperation on the part of finance providers, who themselves continue to see their liquidity constrained. At a macro level, forecasts of GDP have been very measured, and have seen downward revisions, and the financial industry itself has seen continuing problems linked to the fallout from European debt crisis.

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