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

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.

Already a subscriber?Log in here

Read the whole article

Get access for 7 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

With your free trial you get:

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
Must be at least 8 characters, including three of: Uppercase, lowercase, numbers, symbols
Must contain at least 2 characters
Must contain at least 2 characters

Get full access for you and your coworkers

Start a free company trial today

Share article

Sign up for our newsletter

Stay ahead of development by receiving our newsletter on the latest sector knowledge.

Newsletter terms

Front page now

Further reading