State of shipping 10 years on from Lehman
On September 15, 2008, the collapse of Lehman Brothers precipitated the financial crisis and the onset of the worst economic downturn for a century. The shipping industry had to deal with a recession against the backdrop of a rapid trade collapse and a huge newbuilding orderbook. This meant the initial shock was severe and the hangover prolonged
Stephen Gordon of Clarksons looks back to 2008 and the impact of the collapse of Lehman Brothers on shipping markets
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