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Shipyards' funding need to get more acute with bigger projects

Clifford Capital, which provides financing for the maritime sector, says some banks are withdrawing from the sector altogether

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Jolene Chew (left) and Audra Low. "It's just a sheer capacity gap, and you need a lot of institutions, whether it is banks, capital markets or export credit agencies to plough in to provide the amount of financing needed," says Ms Low.

Singapore

SINGAPORE shipyards' need for financing support for projects will become more acute as projects get larger and Basel III capital requirements for banks get stricter, said Audra Low, head of origination and structuring at Clifford Capital, a company majority owned by Temasek...

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