Breakwater Capital sees risk of "tourist lenders" in the maritime industry

With assets of USD 1.5 billion, London-based Breakwater Capital has entered the void created by the retreat of traditional shipping banks. But CEO and founder Andreas Povlsen sees a risk of "tourist lenders coming back to maritime finance, deploying 'hot money,'" he tells ShippingWatch.


With loans totaling around 1.5 billion dollars, London-based Breakwater Capital has already gained its share of maritime finance since the shipping crisis forced banks to offload troublesome loans, in turn introducing a number of entirely new players to the market.

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