Banks have lost faith in multi-purpose

The decision from major bank ING to stop financing the multi-purpose group Flinter is a premonition of what is yet to come for owners and operators in the suffering specialized bulk sector, predict sources to ShippingWatch.

by OLE ANDERSEN

Major Dutch bank ING made the dramatic decision to cancel the financing of multi-purpose carrier and operator Flinter Group recently.

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Dutch bank ING cancels credit to multipurpose carrier
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