Teekay Corp's Peter Evensen says it is neither the worse shipping market he has seen nor is it the worse lending environment as Asian banks step into breach left by European and US banks.
But he sees no near-term turnaround in shipping as banks continue to forbear loans on weak shipping companies.
During a panel at the 2016 Marine Money conference, Evensen pointed to prior down cycles brought on by sovereign debt defaults and low oil prices as being much worse than the current environment.
“Unfortunately
