Aug
07
2019
Sale and leaseback transactions and IFRS 16 implications
The shipping industry has experienced a very challenging decade with suppressed rates and ongoing impact of the 2008 financial crisis including the reform of the banking industry with the implementation of stricter risk management rules. The new Basel III rules have led a lot of the traditional shipping banks to restructure their corporate lending portfolios including shipping. In some cases the banks have decided to drastically reduce their exposure to the shipping industry due to a high perception of risk and concerns regarding its cyclical nature. This has resulted to...
