HSH Nordbank projects even stronger cluster after the consolidation
After losing billions of euros on German shipping, HSH Nordbank is now voicing a renewed optimism about the maritime sector. "The cluster will be even stronger after the consolidation," Christian Nieswandt, Global Head Shipping, tells ShippingWatch.
The German shipping industry is undergoing a transformation in the wake of the protracted crisis triggered by factors such as the collapse of the storied KG structure and the ongoing oversupply.
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