The Gradual Withdrawal of European Banks from the Shipping Sector: A Strategic Disadvantage for Europe

The Gradual Withdrawal of European Banks from the Shipping Sector: A Strategic Disadvantage for Europe
"The gradual withdrawal of European banks from the shipping sector not only threatens the future competitiveness of the industry but also puts Europe in a strategic disadvantage," emphasized Costas Constantinou, Moore Greece, during his speech at the 15th Hydra Shipping Conference. This annual event, organized by the Fraternity of Athenian Hydriots, gathered prominent figures from the shipping world, including leading Greek shipowners, senior executives from shipping companies, consultants, academics, and members from Hydra’s historical maritime families.
In his address, C. Constantinou highlighted the growing significance of geopolitical factors as drivers of market volatility. These geopolitical tensions are increasing risk, which in turn complicates the estimation of risk premia. Such volatility makes it difficult to accurately predict interest rates and financial forecasts, thereby complicating business strategies and future planning in the shipping industry.
At the same time, despite the growing need for capital in the shipping industry, there is a skepticism and withdrawal of European banks from the sector, a fact that creates not only a business challenge for the industry but also a strategic disadvantage for Europe itself.