Lloyd Fonds to rescue collapsed German KG ships
German Lloyd Fonds presents a new setup for purchasing ships from KG funds aimed at establishing a lifeline for the collapsed ships. This involves 11 KG-owned ships at first.
BY KATRINE GRØNVALD RAUN
The cramped KG market in Germany has been searching far and wide for a lifeline after the collapse of the funding scheme and the deep crisis for the German container ship market in particular.
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