Small container vessels hit hard by German KG collapse
Following the collapse of the German financing system with private investors in the tax-favored KG funds, where the capital for renewing the real workhorses will come from remains an open question, writes Drewry.
BY OLE ANDERSEN
The renewal of the small container vessels of less than 3,000 teu, the real workhorses in the inter-regional traffic, is headed toward serious problems due to the veritable collapse of the German financing system, with the many struggling KG funds.
The outlook for the container market looks somewhat more gloomy in the coming time, estimates French CMA CGM. However, the container shipping company still recorded growth on top and bottom lines in third quarter.