ShippingWatch

Greeks going after German ships from wrecked KG funds

Greek shipowners are the biggest buyer of the many insolvent ships weighing down Germany in light of the shipping crisis. The Greeks have cash for quick deals, and that's why they're making their move now.

HAMBURG:

In the EU, Germany is the one supporting crisis stricken countries such as Greece, Spain, and Italy. But it's the opposite scenario for the shipping industry, where Greek owners are the ones buying Germany's insolvent ships.

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