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Lloyds Funds: German ship management could be next loser

The problems are accumulating for many German ship management companies based on the collapsed KG financing scheme, Torsten Teichert, CEO of Lloyds Funds, tells ShippingWatch.

Photo: Hamborg Havn

HAMBURG:

Many German ship management companies - especially clustered in and around Hamburg - will lose ships and contracts when several of the country's numerous shipping banks start to divest loans to ships that the banks own together with the insolvent KG funds, Lloyds Funds AG CEO Torsten Teichert predicts in an interview with ShippingWatch.

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