Commerzbank achieves shipping reduction three years early

Commerzbank managed to trim its shipping portfolio by 4.5 billion euros in 2013, down to 14 billion euros, which was the banks goal for 2016, according to the annual report.

BY KATRINE GRØNVALD RAUN

2013 saw Commerzbank surpass its own plan for how much the bank aimed to reduce its exposure to shipping by 2016, according to the German bank's annual report, which showed that the company managed to reduce its exposure to shipping by 4.5 billion euros, a 24 percent drop, down to 14 billion euros today.

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Commerzbank achieves shipping reduction three years early

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Commerzbanks's shipping retreat in full swing

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Front page now

Royal Arctic Line's chief executive steps down

Seven Seas: Customers' green ambitions and actions don't align

Venture fund in Singapore wants increased business focus from start-ups

German bank to broker CO2 allowances to shipping customers

MSC chosen as strategic partner for ailing Spanish rail freight company

Grieg and Peak Group venture orders up to eight new vessels

First US bunkering terminal for LNG is on its way

Russian oil is trading closer to USD 100 than the G-7 price cap

Oil supermajor Saudi Aramco enters LNG

Norway increases support for developing countries' green shipping transition

Oil steady after technical resistance stalled blistering rally

It's time for DHL's new global head of ocean freight to prove he can be number one

Further reading

Media: Sale of DB Schenker enters next phase

It's time for DHL's new global head of ocean freight to prove he can be number one

German logistics company wants to grow 250 percent by 2030

MSC chosen as strategic partner for ailing Spanish rail freight company

Seven Seas: Customers' green ambitions and actions don't align

Royal Arctic Line's chief executive steps down

Jobs