Services

DNB warns banks not to repeat grave mistake during upturn in shipping

Shipping banks have previously made a classic mistake during a market upturn, essentially causing an acceleration of the subsequent downturn. In an interview with ShippingWatch, maritime bank major DNB warns against repeating it.
Photo: INTS KALNINS/REUTERS / X02120
Photo: INTS KALNINS/REUTERS / X02120
by TOMAS KRISTIANSEN

Norwegian DNB warns shipping banks not to repeat a classic mistake in the current upturn which has previously worsened the ensuing downturn and crisis.

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