Navigate Commercial Maritime Financing in a Rising Rate Environment
Lingering post-pandemic challenges, supply chain issues, and pent-up demand has led to rising prices, resulting in a level of inflation not seen in 40 years. It seemed inflation might slow by the end of the summer with a drop in fuel prices. Unfortunately, the government’s September report on the Consumer Price Index showed inflation to be persistent.
The Federal Reserve’s response has been a series of interest rate hikes in an attempt to cool this inflationary trend. In turn, borrowers are seeing rates increase on everything from business loans to home mortgages. Increasing rates mean higher loan payments.
In this economy, it’s not surprising to feel concerned as the costs of borrowing rise. Many commercial maritime projects are financed. Whether buying new permits or planning vessel ...
