''Things are going to be less pretty in the second half of 2009''

Julian Macqueen - Tuesday 12 May 2009

SHIPPING companies might be engaged in something of a phoney war as they attempt to stave off the worst effects of the downturn but the market is more than capable of delivering some “nasty surprises”.

This is the view of one banker, and it is from one who wants to help other banks salvage something from the wreckage if their assets ...