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German ship owners hesitate to spend their new fortunes on ships

Shipowners have sold off their vessels and paid back loans, but market uncertainty makes them hold on to their cash for now.
Soaring asset prices during and after the covid pandemic made many German sell ships. Now they are hesitant to use the cash. | Photo: Schulte Group
Soaring asset prices during and after the covid pandemic made many German sell ships. Now they are hesitant to use the cash. | Photo: Schulte Group
by JENS THOMSEN

German shipowners have sold off their vessels in large numbers in recent years with high rates and good prices on second-hand vessels, but many are hesitant to invest their cash in new vessels.

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