Look Beyond Current Gloom in Shipping, Banks Told

Amid challenges rise opportunities, and ship financing institutions ought to see beyond the current gloom in the sector to appreciate its long-term potential, participants at a ship financing seminar were told.

Nazery Khalid, Senior Fellow at MIMA said that despite the devastating economic crisis, consumers and businesses need to use goods and materials, and nations need to continue to trade.

“Shipping will always be at the forefront of trade transportation by carrying much of the world’s global trade”, he said. “As such, the sector will be the first to benefit from the global economic turnaround, and financial institutions which continue to support the sector during these lean times will stand to capitalize on the sector’s recovery”, Nazery predicted.

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