Carriers

German carriers are survivors – but 12 years of crisis continue to cast shadows

Large parts of the German shipping industry are doing historically well at the moment, but the sector’s breakdown during the financial crisis continues to make it a challenge for many small carriers to borrow money and recruit, says German Shipowners’ Association President Gaby Bornheim.
Photo: HHLA / Martin Elsen/HHLA
Photo: HHLA / Martin Elsen/HHLA
by JENS THOMSEN

The vast majority of shipping companies in the German sector consist of small, privately owned carriers which proved exceptionally resilient during the 12-year downturn in German shipping that followed the financial crisis of 2008.

Already a subscriber?Log in here

Read the whole article

Get access for 7 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

With your free trial you get:

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
    • Must be at least 8 characters, including three of: Uppercase, lowercase, numbers, symbols
    Must contain at least 2 characters
    Must contain at least 2 characters

    Get full access for you and your coworkers

    Start a free company trial today

    Share article

    Related articles

    Sign up for our newsletter

    Stay ahead of development by receiving our newsletter on the latest sector knowledge.

    Newsletter terms

    Front page now

    Further reading

    Jobs