Carriers

Deutsche Bank will sell shipping loans for USD one billion

Deutsche Bank is allegedly looking to sell off a significant portion of its shipping debt in order to reduce its exposure to the hard-pressed shipping sector, say sources to Reuters.
Photo: Hyundai Merchant Marine
Photo: Hyundai Merchant Marine
BY RITZAU FINANS

Shipping is not an attractive industry for banks at the moment. Deutsche Bank will reportedly reduce its exposure to the pressured sector by a significant amount.

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