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Article: BRIEFING - ASIA SHIPPING - SEPT 15, 2009.
- Article from:
- AsiaPulse News
- Article date:
- September 15, 2009
CopyrightCOPYRIGHT 2009 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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An executive briefing on shipping for Sept 15, 2009, prepared by Asia Pulse (http://www.asiapulse.com), the real-time, Asia-based wire with exclusive news, commercial intelligence and business opportunities.
TIGHT CREDIT SEEN SQUEEZING GULF MARITIME INDUSTRY
DUBAI - The credit environment in the Arabian Gulf for the maritime industry is expected to remain tight for some time with 'name lending' a thing of the past, according to a leading regional bank official.
'Liquidity has come back to some extent,' said Oliver Ebner, Senior Manager, Project and Structured Finance for the National Bank of Abu Dhabi. 'However, shipping with its long tenors, ...