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.

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