Soaring charter rates means more orders for newbuild box ships
Non-operating shipowners and liner operators continue to order newbuildings as charter rates continue heading north. S&P ...
It’s a gold rush as the supply chain gets green, very green, greener than ever. Obviously, there’s top dollar involved – for all those kind souls and entrepreneurs looking to save the planet.
Background
The benefits for the borrowers are pretty obvious: diversify funding in typical project financing-style while promising they “behave environmentally”, using collateral, where it applies, to exploit cheap funding while pushing back debt maturities further out in the duration spectrum.
For their chief creditors, banks and investors alike, if it’s ...
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