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Shiprepair: a financial balancing act
Shipowners have limited options to access financing for ship repair, given the capital-intensive nature of vessel repairs also represents a financial risk for shipyards, according to ship finance expert Ingmar Loges of UK-based shiprepair group Newport Shipping.
Loges, who joined Newport in early 2020 as Managing Director for the Hamburg office, has a 25-year track record in ship finance having served as global head of shipping and offshore finance with leading financial institutions.
Money tight
Typically, a shipowner must fund the entire capital cost of a vessel repairs from its own cash resources, although it may in exceptional cases be able to source a short-term loan from a bank or other financial institution to ensure repairs are carried out, according to Loges. ....

Ingmar Loes , Ingmar Loges , United Kingdom Based , Managing Director , Newport Shipping , ஒன்றுபட்டது கிஂக்டம் அடிப்படையிலானது , நிர்வகித்தல் இயக்குனர் , நியூபோர்ட் கப்பல் போக்குவரத்து ,