Bank finance shortfall restricts reefership fleet renewal

摘要

Overbuilding in the bulk cargo sectors, which led traditional maritime banks to withhold finance for new tonnage, is preventing specialist reefership carriers from ordering much-needed newbuildings. Container lines have already increased competition in this niche market, taking business away from the conventional companies to tackle their own oversupply. But the lack of finance is impeding specialists' ability to reinvest.