Carriers

Crisis-stricken Credit Suisse among the largest lenders to shipowners

At the end of 2021, the Swiss bank represented loans of approx. USD 10bn for the global shipping industry, according to data from Petrofin.
Photo: Denis Balibouse/Reuters/Ritzau Scanpix
Photo: Denis Balibouse/Reuters/Ritzau Scanpix
by KIT LINDHARDT

Financially strained bank Credit Suisse, which was taken over by rival UBS during the weekend, has provided loans worth billions of dollars for the shipping sector.

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