Cyclicality in shipping is inherent. However, the speed and amplitude of market changes, since the fateful collapse of Lehman brothers in 2008 - distinguishes this particular crisis from most previous cycles. Predictions and investment moves made until immediately before the crisis have, in...

The receipts from shipping services have been a vital resource for the Greek economy covering a perennial trade deficit. The downward adjustment in freight rates, following the Lehman Brothers collapse was swift, impacting severely on Greek shipping inflows. Almost two years later, Greece,...

The receipts from shipping services have been a vital resource for the Greek economy covering a perennial trade deficit. The downward adjustment in freight rates following the Lehman brothers collapse was swift severely impacting shipping inflows into the Greek economy. Almost two years later,...