Berenberg eyes "huge gap" in German ship financing

German bank Berenberg sees a "huge need" for German ship financing, and the bank's shipping activities are growing, reports Philipp Wünschmann, head of shipping at Berenberg, to ShippingWatch.

Photo: Daniel Bockwoldt/AP/Ritzau Scanpix

In 2015, following the 2008 financial crisis, German bank Berenberg eyed a potentially promising business opportunity. Abandoned by most banks, remaining German shipowners had limited access to traditional lending, yet healthy projects existed and were in need of financing.

Nobody lended to the industry.

Philipp Wünschmann, Head of Shipping, Berenberg

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