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. Photo: PR/NordLB

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