26.03.2024 By: Patricia Büeler
Artikel Nummer: 48987
Oceanis analyses impact of rising rates
In its state of ship finance report for Q1/2024, the Hamburg-based ship finance company Oceanis highlights potential risks in banks' pricing abilities. With rising interest rates, banks have seen increased profits, but strong shipping markets and competition for leverage have put pressure on prices.
Oceanis notes that shipowners are using cash to repay debt on older vessels, and banks are introducing new loan products to maintain portfolios.
The report also discusses trends in dry bulk and tanker financing, with Chinese lessors offering attractive terms and a split in opinions on the future of the tanker market. Overall, Oceanis sees downside risks to shipping loan margins in the near future. (pb)