New Maritime Bank Opens Its Doors

A new niche bank for the shipping and offshore sector opened its doors for business on December 20, 2016.

Serving the global maritime markets from its main office in Oslo, Maritime & Merchant Bank ASA (M&M) will provide secured lending in the form of first priority terms loans.

“The sustained tight credit market for the maritime sector has left many companies owners seeking financing with few alternatives,” said M&M CEO, Halvor Sveen. “We believe M&M can fill a need for a specialized bank with experience in shipping and offshore that is able to contribute to good solutions for our customers.”