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German KfW: German shipping will stay in crisis mode

The status quo in German shipping is experiencing a crisis, says Carsten Wiebers, global head of maritime industries at German KfW IPEX-Bank. The poor climate will continue, and the crisis has thus become the new normal, he tells ShippingWatch.

Photo: EUROGATE

No great changes have been made since the crisis hit German shipping for real, with insolvent KG funds that led to a partial collapse of the container market, says Carsten Wiebers, global head of maritime industries at German state-owned KfW IPEX-Bank (photo).

He speaks about status quo of the proud shipping nation when ShippingWatch in an interview asks him whether the crisis is over:

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