Carriers

Danish Ship Finance: Low oil price can increase overcapacity

Danish Ship Finance achieved increasing interest earnings by lending out money for vessels in a struggling market, but the bank warns that a continued low oil price could lead to further weakened conditions in shipping, the company writes in the 2015 annual report.
Photo: Danmarks Skibskredit PR
Photo: Danmarks Skibskredit PR
BY CHRISTIAN BARTELS

In spite of an increase in interest earnings from the core business - which is lending to vessel acquisitions and newbuildings - Danish Ship Finance warns in its latest annual report that the current struggling markets will become even more squeezed if the low oil price causes ships to pick up speed.

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