12/02/2014at 09:35

HSH Nordbank preparing to sell shipping loans

By the end of the 1st quarter German HSH Nordbank plans to put a new portfolio of the bank's shipping loans up for sale. A previous attempt was abandoned.

BY KATRINE GRØNVALD RAUN

The German shipping bank HSH Nordbank wants to reduce its exposure to shipping and is in the midst of preparing a portfolio of ships that will be put up for sale late in the 1st quarter, says Wolfgang Topp, head of the bank's restructuring unit, to Bloomberg.

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HSH Nordbank sells ten ships to Navios
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HSH Nordbank could be forced to scrap 40 ships
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