ShippingWatch

A part of Watch Media

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
BY OLE ANDERSEN

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

  1. Norway aims to activate grid-scale offshore wind by 2029
  2. Scorpio Tankers reduces outstanding debt substantially
  3. Russian response to embargo could make oil historically expensive
  4. North Star to build 40 vessels for offshore wind in North Sea
  5. South Korea puts a figure on consequences of nationwide strike
  6. Torm has carried crude oil to take advantage of elevated prices
  7. Japanese carrier pledges launch of 40 LNG-fueled vessels by 2030
  8. Danish carrier fights against claim from former US partner
  9. Tankers queuing up off Türkiye following cap on Russian crude
  10. Oldendorff invests in maritime IT company founded by Synergy top exec
  11. US bank offloads shares in Frontline in dash exit
  12. Gard to increase insurance premiums next year – but not as much as competitors
  13. Forwarders express concern about Maersk's dual role in sea freight and logistics
  14. Søren Toft explains spree of ship purchasing: "If we hadn’t done it, I’m pretty sure someone else would have"
  15. US demand at Chinese factories has declined by 40 percent
  16. Trafigura secures gas supplies to Germany with billion-dollar loan
  17. FMC receives wave of complaints over liner companies
  18. Congestion problems could disappear from next year
  19. Major Korean union joins truckers’ protest as strike broadens
  20. Europe’s new sanctions on Russian oil kick in with USD 60 price cap

See all

Job

See all jobs

See all jobs