The shipping crisis also presents opportunities

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As the industry is hit harder than ever, platform solutions and capital markets are becoming options.

The shipping markets are already in their fifth year of crisis and they remain in a state of disarray. Ship owners, funders and their financing banks, investors, third-party creditors and other participants in the market are almost all currently consumed with questions of insolvency and restructuring. This trend will not change in the foreseeable future because a rapid market recovery is not expected. Therefore all participants in this context must focus intensively on innovative solutions and a sustainable change of structure.

Historically, there have always been crises in the extremely cyclical business of shipping, but never one that has hit the industry quite so hard. The triggers for the crisis were two cataclysmic developments that together had an explosive effect: first, an abundance of debt capital and equity capital, which led to partly excessive investment in new shipbuilding; and second, the worldwide financial and commercial crisis, which resulted in a considerable decline in the demand for ships as a means of transport. The course was therefore set for a huge surplus of shipping tonnage…

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