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.
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).
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