ShippingWatch

Uncertain future makes shipping companies examine their loans

A historic upswing marks several parts of the shipping industry, but dark clouds loom over the economy, prompting carriers to secure themselves as well as possible. This is felt by banks, Nordea heads tell ShippingWatch.

Geir Atle Lerkerød, head of Nordic shipping, and Thor-Erik Bech, head of international shipping and offshore, Nordea. | Photo: Nordea PR

A number of shipping customers at major Nordic bank Nordea have within the last 12 months chosen to renew their loans in the bank ahead of time.

This occurs in order to ensure that financing is in place several years into the future in case the market soon turns and interest rates increase.

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