"It is the lack of profitability for the industry that is causing the lack of availability of finance." Marks said Vroon was confident of reaching agreements with its financiers soon. Shipping finance sources say the shipping industry, which transports 90 percent of the world's goods including oil, food and industrial products such as coal and iron ore, has an estimated capital shortfall of $30 billion this year. Some banks are being driven out of shipping and those that remain are now more conservative in their financing, Marks said. "It is an industry that requires consolidation," he added. That consolidation has begun, especially in container shipping. Denmark's Maersk Line, the global leader in the sector, is acquiring German rival Hamburg Sud and China's COSCO Shipping Holdings Co Ltd has bid $6.3 billion for Hong Kong peer Orient Overseas International Ltd.