Quality and safety of operations, management and treatment of crew and transparency of costs spend are increasing. during 2013 GL and Fraunhofer CML experts conducted a study involving about 100 ship managing companies across the globe to find out what they are doing to improve their operations and what they consider as “best practice” in the industry.
Banks Taking Possession of Vessels
March 6, 2013 by Leave a Comment
According to shipping experts banks are set to take tougher action against distressed shipowners this year, leading to a rise in loan foreclosures and lenders taking possession of vessels and all this at a time where the euro-zone crisis is still on the forefront along with considerable economic uncertainty.