HSH Nordbank: Only gradual recovery in shipping

German HSH Nordbank turned a deficit into a profit in 2014. Shipping loans still haunt the major lender to the German and the international shipping industry.

BY LOUISE VOGDRUP-SCHMIDT

Germany's largest shipping bank HSH Nordbank experienced a good 2014 with positive numbers on the bottom line, which the bank expects to continue in 2015.

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