ShippingWatch

German shipping banks have outplayed their global lead

After yet another year of huge losses in shipping for German banks, two former bank executives tell ShippingWatch that they believe the previously dominant German sector in the shipping industry will play a marginal role going forward.

German NordLB, which has taken over Bremer Landesbank, had to allocate EUR 2.9 billion to ship financing in 2016.

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Nordic shipowners see multiple problems with speed limit

Danish Shipping and the Norwegian Shipowners' Association think that there are many potential pitfalls in implementing a speed limit for vessels in order to reduce their greenhouse gas emissions. The discussion of a speed limit was instigated by the new ECSA chairman.

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