ShippingWatch

NordLB looking to reduce exposure to container

Container currently accounts for close to 35 percent of German bank NordLB's shipping portfolio. This figure needs to be adapted to the market situation, Oliver Faak, Head of Ship Finance, tells ShippingWatch. "We're still a bit too heavy in container."

Photo: Hanjin

In the coming years, German shipping bank NordLB plans to reduce its exposure to the container segment. Today container represents around 35 percent of the bank’s shipping portfolio, and this number is too high compared to the global market, explains Oliver Faak, Head of Ship Finance:

"This is still a significant portion seen from a portfolio management perspective. We need to reduce this and balance it better. It’s not because the markets are that bad, but in terms of our portfolio we’re somewhat more passive on container," he tells ShippingWatch.

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