ShippingWatch

Central Bank adopts tough stance toward shipping banks

According to news agency Reuters, the European Central Bank is taking a tough stance toward the major shipping-exposed banks, not least in Germany.

Photo: Rederiforeningen

The European Central Bank (ECB) plans to take a tough stance toward the banks in the Eurozone with major loans to shipping, several sources tell news agency Reuters, and the valuation of ships is crucial for several of the major German shipping banks, which have allegedly placed far too high values on their ships compared to actual market values.

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
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Related articles

Latest news

See all jobs