Major loan renewals distress shipowners

KMPG estimates that syndicated loans in shipping of a value of approximately USD 1.5 billion must be refinanced over the next three years. This will result in significant problems for a lot of shipowners and operators.

Photo: Rederiforeningen

The crisis which has been affecting the global shipping industry in recent years is far from over. One of the major threats facing a lot of shipowners is the refinancing of large loans within a short number of years.

The international accounting and counselling company KPMG estimates that syndicated loans of a value of approximately USD 1.5 billion will expire within three years which is considered a major challenge to the industry.

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