Citibank points to threats of new global recession
Several trends indicate a coming global economic recession that will last until 2017, warns major bank ahead of big international meeting in Dalian. Key factors include Chinese slowdown and low Russian and Brazilian growth.
BY KELD LOUIE PETERSEN, FINANS
The slowdown in China's economy is so severe that, combined with the recessions in Brazil and Russia, it could lead to a new global economic recession in 2016.
Hans-Christian Olesen, who has taken over leadership of Ultrabulk from Per von Appen, has grown up as a charterer and still travels around, making deals with customers. ShippingWatch has met the new chief executive.
The shipping organization faces the consequence of the EU having in a short time span manifested itself as the trendsetting international legislator within climate, and establishes an office in Brussels, ShippingWatch learns.
Sanction-hit Russian tanker carrier Sovcomflot is no longer part of Skuld’s insured fleet, ShippingWatch learns. The deadline for ending the customer relationship has passed. Skuld refrains from commenting.