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NordLB cut nearly EUR 5 billion from its shipping portfolio

NordLB once again booked a profit before taxes in 2017 and trimmed almost EUR 5 billion from its portfolio of shipping loans. Shipping was the biggest item among the bank's provisions for non-performing loans.

Photo: Foto: PR/NordLB

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Damco maneuver could cost jobs among regional leadership

A total of 18,000 Maersk employees could in some way be affected by the large-scale integration of Damco and Maersk Line. Dual leadership roles in the regional businesses in particular could be impacted, Maersk Line CCO Vincent Clerc tells ShippingWatch.

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