Several hundred KG funds are insolvent

Private investors in the German KG funds have allegedly lost around USD 5.4 billion during the global downturn in shipping.

BY OLE ANDERSEN

More than 300 of Germany's approximately 2,000 KG funds have been declared insolvent, leaving investors with a total loss of around USD 5.4 billion since the crisis in shipping began, says German Manager Magazine according to Lloyd's List.

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Several hundred KG funds are insolvent

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Greeks going after German ships from wrecked KG funds

Major investor: We specialize in nervousness

German shipping needs to find new friends

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Front page now

Royal Arctic Line's chief executive steps down

Seven Seas: Customers' green ambitions and actions don't align

Venture fund in Singapore wants increased business focus from start-ups

German bank to broker CO2 allowances to shipping customers

MSC chosen as strategic partner for ailing Spanish rail freight company

Grieg and Peak Group venture orders up to eight new vessels

First US bunkering terminal for LNG is on its way

Russian oil is trading closer to USD 100 than the G-7 price cap

Oil supermajor Saudi Aramco enters LNG

Norway increases support for developing countries' green shipping transition

Oil steady after technical resistance stalled blistering rally

It's time for DHL's new global head of ocean freight to prove he can be number one

Further reading

Media: Sale of DB Schenker enters next phase

It's time for DHL's new global head of ocean freight to prove he can be number one

German logistics company wants to grow 250 percent by 2030

MSC chosen as strategic partner for ailing Spanish rail freight company

Seven Seas: Customers' green ambitions and actions don't align

Royal Arctic Line's chief executive steps down

Jobs