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Greek shipowners have gained prominence among Hamburg's shipping banks

Greek shipping is a source of stable business for shipping banks in Hamburg, Germany. Greek shipowners are resilient and as important as German clients to banks such as Berenberg and HCOB. After years of hardship, however, German shipowners may be ready for a comeback, banker tells ShippingWatch.

Photo: PR/Port of Hamburg/Michael Lidner

In the volatile world of international shipping, Greek shipowners appear to be a stable business, and Greek shipping clients have become increasingly important to German shipping banks since the 2008 financial crisis.

Greek shipowners are by no means new to German ship finance, their business relations going back to the 1950s. However, as the number of German shipowners decreased over the last decade, Greek shipowners gained prominence in the books of Hamburg based shipping banks.

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