HAMBURG:
The German shipowners and shipping businesses are in trouble, and the problems keep piling on. This has led to hundreds of ships being declared insolvent, a collapsed KG system, concerned banks with very little desire to take risks, and investors with zero confidence. In the middle of this mess stands the KG- and investment house Lloyd's Funds, which manages 3.5 billion Euros in shipping investments, and which has money to KG funds, among others.
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