Ocean Intelligence
'Credit issues' impact market
Singapore players say credit problems could depress sales still further.

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Comments on this Article

Duncan Jeffcock
Voyager Maritime Payment Systems
14th October 2008
The fall out from the credit crunch has focused suppliers attention on the need to adequately fund their businesses and to assess the very real risks of funding uneconomic voyages with unsecured credit. Medium and small scale suppliers are particularly vulnerable to insolvency or take over at this time. Such reduction in competitive capacity is not attractive or desirable. Suppliers can reduce this risk by increasing their turnover when taking advantage of the 7 day payment option available under the Voyager - Maritime Payment Solution. See http://www.voyagermaritime.com

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