The shipping recession means an opportunity not just for cash-rich owners, but for the next generation. Photo: Bloomberg The shipping recession means an opportunity not just for cash-rich owners, but for the next generation. Photo: Bloomberg
The shipping recession means an opportunity not just for cash-rich owners, but for the next generation. Photo: Bloomberg

Shipping firms brace for survival battle

Operators bear brunt of industry downturn after banks foreclose on finance loans and cash-strapped charterers return vessels to owners

The shipping recession means an opportunity not just for cash-rich owners, but for the next generation. Photo: Bloomberg The shipping recession means an opportunity not just for cash-rich owners, but for the next generation. Photo: Bloomberg
The shipping recession means an opportunity not just for cash-rich owners, but for the next generation. Photo: Bloomberg
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