Major shareholder withdraws from distressed German carrier

Shareholders in crisis-stricken German shipowner Marenave Schiffahrts disagree on strategy, and this has made one stakeholder sell its share. There is doubt about the firm's future as a shipping company, says management.

by KATRINE GRØNVALD RAUN

One of the two major shareholders in distressed German shipping company Marenave Schiffahrts has decided to sell its shares.

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Germany's Marenave preparing new rescue attempt
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Marenave Schiffahrts to sell entire fleet
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