Capital discipline makes ship financers optimistic despite Hormuz crisis
- High liquidity from shipping’s last super cycle has enabled shipowners to exercise capital discipline, reducing overleveraging
- Shipowners have been diversifying credit risks by spreading loans across various banks
- Hormuz crisis could cause more regionalisation, which will lend support to orders of medium and specialised vessels
Volatility from the Strait of Hormuz crisis has kept ship financiers on alert, but disciplined balance sheet management and strong liquidity across owners are helping to blunt the impact. As Singapore Maritime Week begins, lenders point to conservative leverage, diversified funding and early signs of renewed newbuilding appetite
