Posted on September 24, 2025
CFO Kotsapas says the company is ‘building one of the youngest fleets now’
UK shipowner Union Maritime has revealed how it is funding a $2bn newbuilding drive while adjusting its exposure to Chinese lease financing.
Speaking during a Marine Money fireside chat at Singapore’s St Regis hotel, chief financial officer Michael Kotsapas said the company had sold close to 50 ships in the past two years and had to replace its fleet, hence the huge newbuilding programme.
“There’s the talk about China and Chinese financing, but we’ve been able to maintain a balanced financing approach and been able to reduce exposure to regulation,” he told Standard Chartered transportation finance managing director Amy Chow…
