German shipping banks have outplayed their global lead

After yet another year of huge losses in shipping for German banks, two former bank executives tell ShippingWatch that they believe the previously dominant German sector in the shipping industry will play a marginal role going forward.

German NordLB, which has taken over Bremer Landesbank, had to allocate EUR 2.9 billion to ship financing in 2016. | Photo: PR/NordLB

One German bank after the other has released a financial report containing major loan loss provisions to the shipping industry last year.

I don't see German banks returning to the same level they were at 10-15 years ago

Dagfinn Lunde

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