Affirmation – Marine Money’s Banking Survey

Given our daily dose of the global macro economic crisis, Marine Money sought to uncover how the ship financing industry was faring. To that end, we created an unscientific but highly informative survey and are grateful to the many who responded to our questions. Although the results affirm how difficult it is, there remains a touch of optimism. You will find below the results for a select number of the questions from the survey, portrayed graphically, for your perusal with some broad commentary included.

All things considered, the industry appears to be in reasonable shape. Our takeaways suggest that the banks are open for business and are able to borrow although, not surprisingly, it is more costly. In fact, more than two thirds of the respondents said they were

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