Professor: KG scheme could make comeback in German shipping

While traditional German shipping banks are withdrawing from shipping, a much-maligned financing scheme could make a comeback, professor tells ShippingWatch.

Photo: HSBA

Germany's KG scheme could return to play a part in German shipping, Professor Max Johns of the Hamburg School of Business Administration, HSBA, tells ShippingWatch when asked to describe the future of the German shipping cluster.

The German KG financing scheme has been blamed by numerous observers for the dire collapse in German shipping when the financial crisis took hold and left hundreds of insolvent KG firms in its wake. Favorable tax conditions for private investors meant that they, along with the banks, for years financed new ships and a huge part of the German commercial fleet.

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