It is forcing change in what had been a flourishing shipping community that is now in search of a sustainable future..
No stone is being left unturned as key players consider consolidation, internationalisation and diversification as an answer to their problems.
The new dynamic is being thrust upon them by a growing number of vessel insolvencies.
Throughout the process, some names have disappeared — or as in the case of Ahrenkiel, which was taken over by MPC Capital, the name may remain but the shareholders are different.
