In a corporate presentation published late last week DVB argued that, in addition, more owners and charterers may default on their obligations as well.
The bank acknowledged that the recent decline in newbuilding orders has been beneficial but noted additional contracting could “weigh down” what it described as the “nascent recovery in fleet utilisation”.
“Pressure on ship values, freight and charter rates within the three challenging sectors persists but it seems that we are close to a bottom, at lease for more modern eco-specialised assets,” the lender continued.
DVB
