ShippingWatch

German shipping is finally out of the woods

After 12 years of bankruptcies and brutal restructuring, the German shipping industry has turned a corner. A booming container market and positive signs in many parts of the industry indicate that German shipping is on a strong rebound.

Photo: PR / Dietmar Hapenpusch / Port of Hamburg Marketing Association

The German shipping industry is steaming ahead in an atmosphere of newfound optimism following a torturous decade of financial crisis and brutal restructuring.

A booming container market is paving the way for the rebound. And this time round the German maritime cluster seems much better prepared for the freak world of global shipping than 12 years ago when Hamburg's container companies reached unprecedented values and volumes, only to go from boom to crisis in a matter of months.

Read the whole article

Get 14 days free access.
No credit card required.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

DB Schenker defends carriers in red-hot container market

One of the major global customers, German DB Schenker, defends the quality offered by container lines in the exceedingly feverish market, which other freight forwards have criticized in strong terms. Even the high rates are in order, says the COO of Air & Ocean in an interview with ShippingWatch.

Azane Fuel Solutions was created during the pandemic using Teams

Azane Fuel Solutions was established in the middle of the pandemic. Digital meetings and planning over the phone proved no obstacles for top execs at Amon Maritime and Econnect Energy during the start-up. Now they have to set up bunkering terminals for ammonia in two and a half years.

Further reading

Related articles

Trial banner

Latest news

See all jobs