Asia

FSL: Clausius picks sectors with ‘promising fundamentals’

 

Singapore: Product tankers, chemical tankers, LPG carriers and car carriers have “promising fundamentals”, according to Philip Clausius, president and ceo of Singapore’s First Ship Lease Trust Management (FSL).
 
Speaking to our new sister site, Maritime CEO, which launches today, Clausius reckons that the shipping industry is “close” to the bottom of the downturn. However, in a more sombre tone, he warned: “Given how prolonged this downturn has been and the financial pressures faced by many shipping companies, we expect to see more restructurings take place in the near term.”
 
For more on FSL’s plans visit Maritime CEO by clicking here.  [25/01/13]

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