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.
BY LOUISE VOGDRUP-SCHMIDT
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.