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
Photo: EUROGATE
BY KATRINE GRØNVALD RAUN

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).

Already a subscriber?Log in here

Read the whole article

Get access for 7 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

With your free trial you get:

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
!
!
Must contain at least 6 characters
!
Must contain at least 2 characters
!
Must contain at least 2 characters

Get full access for you and your coworkers

Start a free company trial today

Sign up for our newsletter

Stay ahead of development by receiving our newsletter on the latest sector knowledge.

!
Newsletter terms

Front page now

Further reading