WorkBoat Magazine: Bankroll

Workboat Magazine:  Bankroll

There’s more financing available with better terms, but some operators are wary.

WorkboatThe financing picture for the workboat industry has brightened considerably since the depths of the recession. Terms are better, money’s more plentiful and competition for business is intense. Vessel operators, however, are being cautious because of falling energy prices and fear of overbuilding. It’s expected that loan restructuring activity, especially in the offshore service market, will pick up.

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