ECB calls for national bad banks to soak up unpaid loans

The European Central Bank’s Vice President called on Friday for the creation of government-backed bad banks to help buy some of the 1 trillion euros in unpaid loans that have weighed on euro zone banks since the financial crisis.

Falling iron ore volumes spell bad news for embattled capesize market

Declining volumes of iron ore shipments this year combined with a continue growth in the supply of ships spell ...

Euro Banks to Increase Bad Shipping Loan Provisions by Quarter

European banks need to increase their provisions for bad shipping loans by 25%, to EUR 7.3 billion (USD 9.25bn),...

Slower Industrial Activity in China Bad News for Shipping

The demand for dry bulk shipping and container shipping in China is bound to change according to the slowdown...