ShippingWatch

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

HAMBURG:

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.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Maersk rejects shippers' complaint in USD 180m dispute

U Shippers has no case in a contractual dispute reported to the US Federal Maritime Commission, Maersk writes in a response to the FMC. Moreover, the case should not even be a matter for the commission, the company says.

Further reading

Related articles

Latest news

See all jobs