The 2009 Shipping Banker Survey

Introduction
Last year’s cover for this issue showed a figure (a well-dressed banker, of course) being squeezed in a pair of pliers. We did not realize how prophetic that message was. The credit crisis was clearly having its effect on the financial markets “… as a series of life-threatening problems within many of the world’s great financial institutions was unveiled. This led to a dysfunctional credit market that in important respects soon turned non-functional.”1 Meanwhile, the economy seemed to move along as the year progressed in a steady state not yet realizing it was in recession.

The shipping world

This is only an excerpt of The 2009 Shipping Banker Survey

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