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.


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

In an interview with ShippingWatch, Head of Shipping at DNB Christos Tsakonas urges the industry not to get carried away but to remain prudent although vessel values are rising and, some would say, going through the roof.

Read the whole article

Get 14 days free access.
No credit card required.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

OECD downgrades growth forecast for global economy

The global economy is still growing, though it's losing momentum, according to the latest growth estimate of the OECD's Economic Outlook. Bottlenecks in the shipping sector and elsewhere as well as pressure on supply chains have contributed to rising inflation.

Norden reshuffles management and dials up growth ambitions

Norden establishes a new business structure and a new senior management team. This will entail increased growth in the carrier's tanker pool and investments in port logistics for an annual USD 20-40 million, CEO Jan Rindbo tells ShippingWatch.

Further reading

Related articles

Latest news

See all jobs