Banks push multipurpose operators into consolidation
Consolidation in the Dutch multipurpose sector is driven by banks demanding mergers before they can leave vessels to operating companies, writes Alphaliner.
by OLE ANDERSEN
European banks are stuck with multipurpose and heavy lift vessels worth billions, and are now demanding mergers of companies and a reduction in costs among operating companies before entering new contracts for commercial and technical operations of the many project vessels, they control.
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