Ships gushing out of the German commercial fleet

President of the German Shipowners' Association, Alfred Hartmann, describes the development as a disturbing development. Especially in terms of the many smaller carriers' existence going forward.

Photo: Michael Lindner/Port of Hamburg Marketing

The German-controlled commercial is losing ships on a large scale.

In 2015 alone, German owners have in the first nine months of the year sold 182 vessels, including 68 container ships, to foreign stakeholders. Alfred Hartmann, President of the German Shipowners' Association (VDR) describes the development as disturbing and as posing a severe risk for Germany's status as one of Europe's key maritime regions.

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