Economic crisis and earnings may cause more Shipping Bankruptcy Filing- OSG, NAT, FRO, NM, DRYS, GMR, ONAVQ, TNK

Low shipping rates may cause more Bankruptcy Filing even some ship owners are now considering to sell their ships for as low as scrap value, Alaric Nightingale suggest The cost of 15-year-old tankers fell 48 percent to $23.5 million this year as scrap values advanced 3 percent to $17.25 million. While scrapping would reduce the […]