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Shipping bank deems long-term loans for large crude oil tankers too risky

The oil market might not continue it’s strong route, says Hamburg Commercial Bank’s head of shipping. The bank is once again lending to smaller projects in fossil offshore.
"Our consideration is how long there will continue to be a need for very large oil tankers," says Jan-Philipp Rohr, Global Head of Hamburg Commercial Bank's shipping business. | Photo: Hamburg Commercial Bank
"Our consideration is how long there will continue to be a need for very large oil tankers," says Jan-Philipp Rohr, Global Head of Hamburg Commercial Bank's shipping business. | Photo: Hamburg Commercial Bank
by JENS THOMSEN

The tanker market is boiling after Western sanctions against Russia have created high demand for oil and gas.

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