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Danish Ship Finance eyes risk of more non-performing loans

Danish Ship Finance feels the severe impact of the crisis currently enveloping a majority of the shipping industry, and the bank projects that it may become necessary to help more lenders with payment deferrals in order to survive, says the company's chairman Peter Lybecker.

Photo: Nordea

The weakest market since the 1980s is not only an extreme hurdle for the dry bulk carriers, it also puts pressure on the banks and financial institutions that provide loans to the industry.

As a niche bank, Danish Ship Finance has been able to deliver solid results in spite of the crisis, which is no longer only affecting the dry bulk segment, but now impacting the container industry and the offshore area as well due to the low oil price.

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