Yes, German shipping is not doing too well. Yes, the global industry is still marked by the financial crisis. And yes, NordLB has opted to divest a part of its investments since 2009, in line with an overall reduction in its balance sheet.
Still, the German shipping bank NordLB - unlike its competitors HSH Nordbank and Commerzbank - is not afraid to remain in shipping. Because the bank believes that it will make sense to stay in the business.