ShippingWatch

Bimco: Commerzbank’s exit surprised the shipping industry

Commerzbank’s exit as a financial actor within shipping has surprised the industry, and it is a bad signal in tough times, says Bimco.

This is bad news at a bad time, is Bimco’s assessment of the decision by Commerzbank to withdraw entirely from its position as a financial actor in the shipping industry.

Commerzbank was not a random bank, but the industry’s second leading bank, and last week, the major German bank announced its decision to eventually withdraw from shipping and real estate.

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