This is how NordLB plans to get rid of non-performing shipping loans

NordLB's new deal with equity fund KKR regarding a platform for non-performing shipping loans is a new way to get rid of the bad loans weighing down the industry. In an interview with ShippingWatch, Global Head of Ship and Aircraft, Oliver Faak, explains why NordLB is using this model.

BY LOUISE VOGDRUP-SCHMIDT

Should one just say goodbye? Or should one hang in there and believe that there is still some hope left?

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Bank NordLB sells shipping loans for USD 1.5 bln
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