ShippingWatch

HSH Nordbank: Commerzbank exit came as a shock

It was a massive shock when Commerzbank announced last year that it planned to withdraw from shipping. HSH Nordbank is still struggling with the repercussions, which will last for years.

Photo: Commerzbank

HAMBURG:

Last year, German Commerzbank decided to close the lid on all the bank's shipping customers as part of its plan to gradually withdraw from the shipping market. The decision had a crucial impact on competitor HSH Nordbank.

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