Subscribe to RSS feedTHE GREAT ESCAPE
by
Tom Leander
—
last modified
Jul 16, 2010 05:20 PM
THE MARKET froze in 2008 and by the middle of 2009 very reasonable observers predicted that shipping would be in the red. Ship values plummeted.
Some companies took writedowns. Others faced massive revaluations of their assets. All held out for as long as they could.
Time passed and while there was plenty of red ink, the general disaster did not occur.
Ship values have been...
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