The report covers a comparison of lending practices, tanker loans versus REIT and real estate related loans, supply-demand for tankers, combination carriers, scrappage, second hand tankers, pipeline competition, world order book, tanker rates, the impact on participants and demand variables. The general impression is that U.S. banks are probably in a better credit position in ship loans than most major banks around the world. The major reason is that, typically, U.S. banks concentrate more on cash flow rather than on asset financing. The conclusions were drawn from an analysis of over 220 mortgage documents and/or loan agreements of tankers under present Liberian registry. For the most part, these documents revealed actual individual ownership, charter details, and financing terms, among other things, and represented 25% of the 879 vessels recorded in the 1975 Tanker Register, by Clarkson and Company, Ltd.

  • Corporate Authors:

    First Boston Corporation

    20 Exchange Place
    New York, NY  United States  10005
  • Authors:
    • Lantier, B F
    • Weiant, W M
  • Publication Date: 1976-2

Media Info

Subject/Index Terms

Filing Info

  • Accession Number: 00131935
  • Record Type: Publication
  • Source Agency: First Boston Corporation
  • Files: TRIS
  • Created Date: May 14 1976 12:00AM