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Rough Waters Ahead: Non-Performing Shipping Loans - Solutions Are Available

by Bill Amos
Mayer Brown JSM - Hong Kong Office

Simon G. Grieser
Mayer Brown JSM - Frankfurt am Main Office

Frederick D. Hyman
Mayer Brown JSM - New York Office

Stuart McAlpine
Mayer Brown JSM - London Office

Thomas A. Pugh
Mayer Brown JSM - Hong Kong Office

April 29, 2014

Previously published on April 2014

The global ship finance community is facing a number of issues given the high levels of secured shipping debt held by many banks in this community, which shipping companies are struggling to meet from operations suffering from surplus capacity and low demand. In addition to the major structural challenges faced by the industry as it seeks to recover from the crash of 2008, the European Central Bank is now reviewing the quality of the collateral held by ship finance banks as security for these loans. Once the ECB’s review is complete, many banks may need to strengthen their balance sheets and offload risky assets.


The views expressed in this document are solely the views of the author and not Martindale-Hubbell. This document is intended for informational purposes only and is not legal advice or a substitute for consultation with a licensed legal professional in a particular case or circumstance.

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