German shipping banks have outplayed their global lead
![German NordLB, which has taken over Bremer Landesbank, had to allocate EUR 2.9 billion to ship financing in 2016. | Photo: PR/NordLB](https://photos.watchmedier.dk/watchmedier/resize:fill:3840:0:0/plain/https://photos.watchmedier.dk/Images/article9488117.ece/ALTERNATES/schema-16_9/Hannover%25202.jpg)
One German bank after the other has released a financial report containing major loan loss provisions to the shipping industry last year.
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