2020 has started in a most unexpected way with shipping and business chaos caused by the ramifications of COVID-19. Not only that it is the start of a new decade, the year in which IMO 2020 takes force and new fuels and propulsion, new trade routes and disputes and geo-political strife continue to hit shipping on the demand side. Uncertainty is not good for any industry and the uncertainty in shipping going into the decade of the 20s seems real and widespread.
Much will happen as the year progresses but currently the traditional shipping banks are focusing increasingly on core clients, Chinese leasing is still active for large transactions and a plethora of others finance courses are filling the void. There seems to be available financing for shipping as long as leverage, pricing and terms can be matched with the project in hand.
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