These Greek thieves are like the deadbeats that took mortgages on houses they could NEVER afford and then got modifications that make them no better able to afford the house and then lose it later. What most in this sector, and they are mostly uninformed anyway, is that banks are perpetrating a fraud on THEIR shareholders by letting these deadbeat shippers stay afloat. They are NOT writing down THEIR portfolio of shipping loans as they probably are REQUIRED to by law.
They are playing accounting tricks and their shareholders OUGHT to be up in arms. They are taking huge losses and they are just trying to hope against hope that the thieves somehow live long enough to pay them back. In some, very few, cases they might. Many won't.