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    Banks will take a firmer grip on shipping this year

    January 10, 2013
    SeaNews
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    Banks will take a firmer grip on shipping this year
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    Banks will exert more control over the shipping industry this year, according to international accountant and shipping consultant Moore Stephens. It also expects vessel values to fall further, and the cost of regulatory compliance to increase.Moore Stephens partner Julian Wilkinson said:“For shipping in 2012, it was not so much a case of ‘Crisis, what crisis?’ as ‘Crisis, which crisis?’ This year...

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