Deutsche Bank: Eco-designs will cut ship values in half

The current fleet is worth USD 550 billion. The banks' exposure is USD 450 billion, while newbuildings are underway for a total of USD 270 billion, and there is no way the banks will be able to finance this, says Deutsche Bank CFO.

Photo: Hempel

Shipowners' and other investors' many eco-design newbuilding orders could lead to "catastrophic losses" because the value of the existing fleet, which is already low, will be cut in half, while the ships' working lives will typically be reduced from 25 to around 15 years, warns Deutsche Bank CFO Nick Roos.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • 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

CMA CGM expects sharp decline in freight rates

The outlook for the container market looks somewhat more gloomy in the coming time, estimates French CMA CGM. However, the container shipping company still recorded growth on top and bottom lines in third quarter.

Further reading

Related articles

Latest news

See all jobs