Subscribe to RSS feedDistressed sales set to rise
by
Patrick Hagan, Hamburg
—
last modified
Jun 21, 2010 12:04 PM
GERMAN KG financier Hansa Treuhand says banks are likely to enforce more sales of distressed assets as ship prices begin to rise.
“There has been a significant increase in secondhand prices recently,” Hansa Treuhand chief executive Hermann Ebel said in Hamburg. This could motivate banks to press for a sale of ships.”
To date, there have been only a few fire sales...
This full article is available to Lloyd's List DCN subscribers only.
If you are already a subscriber, please sign in below.
If you're not a subscriber and would like to experience the full benefits of Lloyd's List DCN with a 14 day trial, please click here.
Alternatively, click here to subscribe.
| Tweet |
Daily Top Stories
- Rena officers sent to prison
- New salvage facility for Cairns
- Worker dies in Newcastle wharf tragedy
- Major supramax markets diverge
- Panama Canal fees hike planned for July
- 12% of world tanker fleet facing scrapping
