Asia

BW Group chairman speaks to Maritime CEO

Hong Kong: The recession in shipping will last another “two to three years”, warns the chairman of BW Group over on our sister site, Maritime CEO today.

“The markets are terrible,” Dr Helmut Sohmen said from his Hong Kong island office.

Sohmen outlined his group’s tactics to mitigate the worst of the downturn while also attacking many of his peers for adding to the overcapacity facing the industry. He also had interesting opinions on ecoships and the state of ship finance. For the full interview click here.  [09/08/13]

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