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Strong shipping markets make carriers repay loans at Hamburg bank

Net profit from shipping declines at Hamburg-based bank HCOB. Shipping companies have more money in their hands and are repaying their loans.
Hamburg is a financing hub for the Northern European shipping industry. | Photo: Markus Scholz/AP/Ritzau Scanpix
Hamburg is a financing hub for the Northern European shipping industry. | Photo: Markus Scholz/AP/Ritzau Scanpix
by DANIEL LOGAN BERG-MUNCH

Hamburg Commercial Bank (HCOB) saw its portfolio of shipping assets shrink during H1, despite several new loans to the segment.

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