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Tuesday, December 10, 2013

German shipping banks face $22 billion in losses: Moody's | Reuters

German shipping banks face $22 billion in losses: Moody's
| Reuters

Problems with shipping loans will see banks' combined capital decreased by 13 percent until maturity of these loans, further weakening the lenders' financial health.
...
Moody's also said it expected the a five-year shipping slump to continue for several years as large numbers of new vessels continue to hit the waters, exacerbating chronic overcapacity.

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