ShippingWatch

Lloyd Fonds disappointed by KG failure

Lloyd Fonds' failed attempt to take over 11 KG ships was a big disappointment for the company, which in the meantime believes that the plans to take over ships can become a reality within the next year.

It did not go as planned for Lloyd Fonds with the takeover of several KG ships and this is disappointing for management.

"We are sorry and we are disappointed that our plan failed. We knew it would be difficult and maybe they will ask if we didn't know it would go wrong. But we had high hopes and we're still positive, as we believe it will be possible later on," says Torsten Teichert, CEO of Lloyd Fonds to ShippingWatch.

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