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HSH Nordbank sells 14 distressed ships to Navios

For the second time since 2013, HSH Nordbank is carrying out a transaction with Greek Navios, which will acquire 14 vessels from the German bank's portfolio.

German HSH Nordbank is well on its way to reducing the bank's risk in shipping assets with a transaction with Greek Navios, which will acquire 14 vessels that are in serious risk of insolvency, the bank announces in a statement.

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