CEO of DSF: Commerzbank exit could mean more price pressure

Commerzbank’s exit from ship financing could mean that the medium segment of shipping worldwide will end up paying more for loans, or that they will be unable to get any loans at all, says Danish Ship Finance. In general, though, it looks like Danish shipping companies will not be affected.

Even though CEO of Danish Ship Finance (DSF) Erik Lassen has lost a competitor, the Commerzbank decision to withdraw from ship financing is, first of all, something he is sorry to see, both for the shipping companies and shipyards, but also in relation to the other financial players in the market, including DSF. Erik Lassen estimates that the consequence could be that the medium segment, below quality shipping, will have a harder time securing financing. It could become more expensive, and more companies will probably be turned down for loans.

“This is one of the really big players that’s leaving the market. Now it’ll be very interesting to see how they’ll handle their portfolio, which will have to be settled. I hope - and think - that they’ll do it with patience,” Erik Lassen says to ShippingWatch, adding:

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