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Danish Ship Finance braces for lower 2016 full-year result

Danish Ship Finance can feel that its customers - carriers and offshore companies - are under financial pressure virtually across the board. Fewer loans are needed this year and the bank's results will be lower than last year, according to the interim report.

Danish Ship Finance is expecting reduced activity and a lower result for the full year 2016 as a direct consequence of the downturn in both shipping and offshore.

This is according to the second quarter interim report from the specialized bank, which despite the crisis in the maritime sphere can present a profit after tax of USD 7.93 million for the period. The result is, however, down from the same period last year, where the profit came to USD 11.74 million.

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