Two winners from the Red Sea crisis: the shipping lines and Houthis
“Vessels ‘go dark’ to avoid Houthi attacks,” blared headlines as 2024 kicked in, and commercial ...
© Natursports | Dreamstime.com - Bullfighter and bull
Regular readers of this column are likely to be aware of my background in banking. They are also likely to be aware of my penchant for metaphors and similes, and following another week with another major shipping bankruptcy, a truly venerable name this time, I couldn’t help but think of the similarities between banking and shipping, and between the two of them and bloodsports.
Thunderstorm
Two questions immediately came to mind last week when news broke that Germany’s Rickmers Group was ...
Comment on this article
Arcadio Martinez
June 12, 2017 at 4:07 pmGreat article,
Which there is a recent announcement on Maersk coming into Banking sector financing debt to SMEs in India, how much risk are we looking here? http://m.thehindubusinessline.com/economy/logistics/maersk/article9717910.ece
Ale Pasetti
June 17, 2017 at 10:46 amThanks for your comment and for flagging that article, Arcadio. It looks like Maersk is offering clients funding options via a captive finance arm, which is not unusual, in my experience, although there may be more risk in India than in other EMs.