The collection and distribution market is affected by the Brexit event more than the oil transportation market.

Due to concerns about future macroeconomics and increased global trade risks, the UK referendum's departure from the EU has had a far-reaching negative impact on shipping stocks. We look forward to increasing capital costs with higher risks, especially increasing the capital cost of the container market.

        At this stage, the growth rate of global trade has lagged behind the growth rate of GDP, and the recession of the European economy has the potential to turn the growth of trade demand brought about by containerization into a negative value.

        In addition, because European banks are the main lenders of shipping companies, the Brexit incident may also have a certain degree of negative impact on some unfunded debt shipping companies and large shipbuilding projects.

        At present, the oversupply situation in the dry bulk and conglomerate market has always been the most serious. Most shipping companies are facing a shortage of working capital flow, and the potential credit contraction in Europe may aggravate the problem, which will cause these enterprises to suffer from large-scale Liquidation, by then, the price of the ship will further depreciate.

        According to recent Reuters news reports, the shipping industry has been in a downturn for a long time, and the provision for bad debts of shipping companies has been rising. The European Central Bank has begun to conduct in-depth reviews of loans to shipping companies.

        The news from Bloomberg, in an email sent by the European Central Bank to a bank with a shipping business on June 15, wrote that details of the ship, such as the name of the ship, the age of the ship and the internal assessment of the borrower, should be collected.

        As far as we know, the two sides did not make any comments.

        This situation, which may be forced to sell assets, has less impact on companies with long-term lease contracts, such as Costamare and tankers, because their high-yield in the previous two years has covered the cost of their new shipbuilding and is well funded.

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