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HSH Nordbank eyes continuing weak shipping climate

The coming annual report from German HSH Nordbank will also be affected by the shipping market, says the bank's CEO.

German HSH Nordbank will continue to be affected by the shipping market in the banks annual report for 2013, says CEO Constantin von Oesterreich in an interview with Spiegel Magazine, according to Hellenic Shipping News. Both the bank's - as well as forecasts from independent sources - have worsened, which means the bank has made provisions for further deferrals in the last year.

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