Global Maritime sector head Lindsey Keeble and Partner David Osborne, and Partner George Macheras have written two expert analyses for prestigious shipping magazine Marine Money’s Q2 2020 edition.
This is the second edition of the publication following the outbreak of the coronavirus pandemic and includes several articles which discuss the future of the shipping industry as the effects of global lockdowns start to become fully realised.
Lindsey and David’s article, ‘Ship Finance Challenges in the Current Climate’, focusses on some issues arising under ship finance documents – and more generally the relationship between shipowners and their financiers – since the onset of COVID-19. In a detailed report, the pair explore various operational and cashflow issues (including covenant and default problems) as well as facility arrangements, the need for government support and other procedural matters.
George’s piece, entitled ‘The Secondary Market for Maritime Debt: The New Norm’, looks into the recent growth in the secondary market for maritime debt and the innovative structures implemented during these transactions. George discusses the key considerations for sellers, buyers and financiers to take into account during these deals and what the likely impact of recent market changes will be, affected not only by the pandemic, but by the introduction of ESG regulatory framework.
To read both articles, click here or on the link under George’s contact details.