DVB Bank downgrades full-year 2015 forecast

Disappointing development among the BRIC countries, slowing growth and failing freight volumes worldwide have pushed the Frankfurt-based bank to downgrade its outlook for the whole year 2015.

BY CHRISTIAN BARTELS

The German shipping bank DVB delivered a third quarter profit of EUR 59.8 million for 2015, against EUR 72.6 million for the same period last year. Although the bank simultaneously downgrades its outlook for the whole of 2015, CEO and Chairman Ralf Bedranowsky describes the result satisfactory, according to a press release.

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DVB Bank downgrades full-year 2015 forecast

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DSME to cut drastically down on orders

Maersk Group's profit down 50 percent

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Front page now

Navigare Capital cashes in from sale of several ships

Professionals: Shipping has a bad image and struggles to attract women

Lidl's shipping company makes changes to get more customers in store

Shanghai to set up first pan-Pacific green corridor with Los Angeles

Russia exempts gasoils, bunker fuel from export ban

Danish shipping company tops list of offshore wind turbine installations

Ukraine's grain exports halves in one year

Less freight risks mass layoffs at major UK port

Star Bulk buys back own shares from Oaktree Capital

Russia's new ban could send more countries on a frantic hunt for diesel

Jan Rindbo warns against tunnel vision: "The honest answer is that none of us know what we'll be sailing on"

A simple reason could explain low dry bulk rates despite good demand

Further reading

Lidl's shipping company makes changes to get more customers in store

Dubai challenges Singapore as shipping's favorite city

Jan Rindbo warns against tunnel vision: "The honest answer is that none of us know what we'll be sailing on"

Shanghai to set up first pan-Pacific green corridor with Los Angeles

A simple reason could explain low dry bulk rates despite good demand

Hapag-Lloyd rolls out Starlink internet to entire fleet

Jobs