Major Dutch bank ING made the dramatic decision to cancel the financing of multi-purpose carrier and operator Flinter Group recently.
This is a strong signal that banks have started to lose faith in the recovery for the specialized bulk sector in coming years, assess sources in the multi-purpose and heavy lift sector to whom ShippingWatch has spoken, after Flinter Group announced a few days ago to partners that all payments were suspended from October 1st because of ING's decision.
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