DNB: Too many new ships could disrupt bulk and tanker rebound
DNB remains challenged by loans to the shipping industry, though the bank predicts improvements in 2014 and 2015. But many new ships in both dry bulk and tanker could disrupt a potential rebound, says the bank.
BY KATRINE GRØNVALD RAUN
Major Norwegian bank DNB is still burdened by shipping, as the bank achieved a slightly lower result for the second quarter 2014 than expected. The bank saw a combined revenue of USD 1.9 billion, a bit above expectations, and a result before taxes of USD 1.00 billion, compared to an expected USD 1.02 billion.
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