Lloyd Fonds: Shipping must become more sophisticated

The crisis in shipping, in Germany as well as globally, has in spite of its severity served as an eye opener for the industry, says German investment house Lloyds Fonds.

BY LOUISE VOGDRUP-SCHMIDT

HAMBURG: The crisis in shpping, which has now lasted at least five years, and which no one dares to really guess at when will end, has also brought some good things with it. First of all, it's a wake-up call to the present day, to the 21st Century, says Torsten Teichert, CEO of investment house Lloyds Fonds, Hamburg, which has more than 3.5 billion Euros invested in shipping. The wake-up call covers both shipbuilding, financing, and the technological aspects.

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