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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.

Photo: Hamborg Havn

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.

Now there may be a solution - as German investment company Lloyd Fonds AG, listed on the stock exchange and focused on shipping and property, is looking to establish a listed holding company aimed at gathering KG ships under one roof.

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