Commerzbank divesting container ships

Major German bank Commerzbank has sold nine container ships as part of the bank's efforts to limit its massive lending exposure to shipping. The bank has divested a total of 70 ships this year.

BY OLE ANDERSEN

German Commerzbank has sold nine container ships as part of the major bank's efforts to reduce its shipping loans, says the bank in a statement. Commerzbank has divested a total of 70 ships in the first seven months of the year.

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