NordLB: The shipping industry at standstill

In spite of the effects of a lower oil price and numerous positive factors in the shipping sector, the industry is still facing big challenges. And global growth is not helping, says NordLB in relation to the bank's annual report.

Photo: Århus Havn

Shipping is a place where things are right now going neither up nor really down, says NordLB in a shipping market forecast issued in relation to the bank's interim report on Thursday.

According to the bank - among the biggest lenders in German shipping - the IMF projected global economic growth of 3.3 percent this year and 3.8 percent next year represents the key problem.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Related articles

Latest news

See all jobs