Subscribe to RSS feedOutlook still uncertain for dry bulk, says UK bank
by
Julian Macqueen, London
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last modified
Aug 18, 2010 01:08 PM
LLOYDS Banking Group, the partially state-owned UK bank, has warned that global shipping markets will remain “challenging” in the second half of the year.
“In the specialist finance portfolios, global shipping markets, especially the dry bulk and container sectors, experienced considerable pressure during 2009, leading to higher impairment levels,” the bank reported in its first-half year results.
It added that the uncertain outlook...
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