Finance experts speaking at a conference organised by Cyprus Shipping Chamber last week fell over themselves to dampen any hope of funding for projects in anything but offshore oil and gas. Indeed, Jean Richards, who heads consultant SecondWind Shipping, wondered how long it would be before even these sectors became overbuilt. Eurofln Group director Janos Koenig went so far as to describe lack of ship financing as one of the four horsemen of the apocalypse (the others being tonnage oversupply, low freight rates, and depressed vessel values).
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