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.
Already a subscriber? Log in.
Read the whole article
Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.
- Access all locked articles
- Receive our daily newsletters
- Access our app
Get full access for you and your coworkers.
Start a free company trial todayMore from ShippingWatch
Carriers and investors predict major investments with large offshore wind plan: "We need to get started now"
Four EU countries’ plan to markedly expand offshore wind capacity in the North Sea will need major investments, assess wind carriers and investors. Trade association Danish Shipping calls for ”green regulatory highway,” which is supported by Cadeler’s CEO.
CMA CGM to buy stake in Air France-KLM – enters strategic partnership
French carrier CMA CGM is set to acquire up to 9% of Air France-KLM, with the companies forming a partnership on air freight that will initially run for ten years.
Leak: EU to build wide-scale fuel network as alternative to Russian gas
Seeking independence from Russian gas, the EU will increase availability of sustainable hydrogen with up to 20 million tonnes before 2030, according to drafts seen by ShippingWatch. The EU Commission wants investments in three specific import corridors.
Large bottlenecks in Northern European ports prompt delays for carriers
Shortage of port workers and truck drivers causes significant delays for carriers in Northern European ports, according to Alphaliner. The situation has worsened.
Norden upgrades again – expects profit approaching USD 420m
Few weeks after presenting its Q1 financials, shipping company Norden once again raises its guidance for 2022.
Marine Superintendent 
Operations Manager 
Junior Shipbroker 
Team Manager 
Senior Finance Business Partner