This site uses cookies to provide you with a more responsive and personalized service. By using this site you agree to our use of cookies. Please read our cookie notice for more information on the cookies we use and how to delete or block them.

Bookmark Email Print page

Crisis in shipping

Keeping your portfolio afloat


Shipping has been hit hard in recent months, with the liquidity crisis and global recession affecting all sectors. Record low dry and wet bulk rates and a sharp decline in vessel values are causing covenant breaches and going-concern considerations.

More and more ship owners are attempting to get out of their order commitments. The looming threat of default is causing very real anxiety for those banks holding large shipping portfolios.

So what can lenders do to safeguard their position and mitigate losses? This paper explores the options available to banks from corporate finance and legal perspectives.

Download the attachment to read more.

Stay connected:
More on Deloitte
Learn about our site