Ναυτιλιακή χρηματοδότηση σε περιόδους κρίσης
The shipping industry is international, capital intensive and with many unique and distinctive characteristics. The fact that shipping industry is capital-intensive means that a large sum of money is required. This money is drawn from financial markets, financial institutions, and to a great extend banks. However, shipping loans are high risk loans for the banks. As a result, many shipping loans turn out to non-performing loans. Therefore, it is indisputably necessary for the bank to indetify and minimize the causes of non-performing loans; namely, loans of which the payback to the bank of either the principal or the interest will be difficult. The following thesis refers to the context according which a shipping industry takes place and displays the way it is handled in case of crisis, a rather topical phenomenon. Initially, the thesis dwells on the basic theoretical background: the shipping industry as a field, the innovative forms of shipping finance, the risks of financing, the shipping loans from the point of view of the banks and the non-performing loans and the way they are dealt with. Last, but under no circumstances the least, the thesis present theoretically the NPL in Cyprus. It concludes with a practical application to a hypothetical financing, using methods that have been analyzed in this thesis.