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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 ...

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  • Arcadio Martinez

    June 12, 2017 at 4:07 pm

    Great 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 am

      Thanks 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.