Since the start of the financial melt down and the Merrill Lynch collapse in 2007, raising finance has never been more difficult.

In the world of shipping this has been compounded by the sector experiencing a huge decline in both volume of trade and the deterioation of charter rates. In Greece a traditional mainstay of the shipping industry, the Greek Banks have had their own stress associated with the demise of Greece over the last 2 years.

This had led to a scarcity of available finance and many Greek shipowners have been unable to replace or repair aged vessels or buy new vessels, even though distressed prices today represent an attractive opportunity as inevitably, at some poiint the cycle will continue and charter rates and vessel prices will start to increase.

Generation Y Consultancy has experts available to deliver solutions on raising capital despite the current banking industry crisis. For more information, please contact gcrates@gyconsultancy.com