Braemar says owners are most vulnerable when markets pick up

Balance sheet carnage wrought by the coronavirus pandemic is providing plenty of opportunities for financial advisory companies, such as Braemar Naves.

But Axel Siepmann, managing partner of the Braemar Shipping Services subsidiary, has warned that danger lurks for shipowners from an unexpected quarter.

Somewhat counter-intuitively, Siepmann said distressed companies are most at risk when markets recover.

"For the shipowners the worst moment comes when the markets pick up, because that is when they are most vulnerable," he told TradeWinds.