Multiple equity funds in play to buy ailing shipping bank

The world's once-largest shipping bank, Germany's HSH Nordbank, is nearing the deadline for potential new owners to place bids. This will happen in slightly over one week and US buyers in particular are rumored to be interested.

CEO Stefan Ermisch

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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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