DVB: Slow improvement for Panamax
Market conditions for the struggling Panamax owners are far from good. Still, benchmark bank DVB expects improvements to ship values and profits. (Correction, last chapter).
BY OLE ANDERSEN
The overwhelming supply of tonnage since 2008 has taken a toll on ship values and profits for all segments in the global dry bulk fleet. But in a new analysis of the struggling owners, the big, Rotterdam-based shipping bank DVB points to a slow and gradual stabilization of ship values and profits over the next two years, due to the rising demand.
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