Threat to German shipping: Brain drain

Hanging onto the proper and most qualified workers is currently the biggest threat to the developments of German shipping. If the developments of the maritime sector lack behind, the talents will leave, says German market player with years of experience.

Photo: Hansa Heavy Lift


The German shipping sector is threatened by problems with financing and the general downturn of the global economy. The area around Hamburg and Bremen, the so-called Hamburg cluster, is under particular pressure due to the area's historically massive exposure to shipping. This is where the major KG houses and shipping banks have their base, and subcontractors and shipping companies are also based around Hamburg. Financing is a major problem, but along with that comes another huge challenge for the industry: people, according to Jens Christian Nielsen, managing director of ship broker Frachtcontor Junge & Co., who has spent 30 years in the German shipping sector.

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