Germany’s shipowners are approaching Chinese and Korean banks to help finance ship purchases as Germany’s professional classes steer clear of shipping investments.
There could also be a wave of listings of German shipowning companies to make up for retail investors’ lack of appetite in traditional “KG” funds, according to senior financiers at a Hamburg conference.
The bankers were speaking at the Marine Money German Ship Finance Forum as Germany’s vast shipowning industry continues to reel from a sharp fall in the flow of money into traditional shipping funds.
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