Germany's large state-owned bank, NordLB, which is also the country's second-largest lender to the shipping industry, will seemingly play a pivotal role in the clean-up currently taking place these months in multi-purpose (MPP) and heavy lift.
An industry of special-designed breakbulk vessels, which if possible are apparently even harder hit by the historic downturn now plaguing the traditional dry bulk sector, is also a sector where banks have millions at stake floating on vessels that are difficult to valuate.
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