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Firm in landlocked Bavaria revives funding of new ships

Tuesday, November 8, 2016 - 05:50

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About two dozen investors are involved with two new ships of Mr Ruttmann's MST. The company is still seeking new participants, luring them with a 7 per cent return on investment over 20 years.

Washington

WITH the shipping world rattled by its biggest-ever bankruptcy and major players seeking safety through mergers, a family-run company from landlocked Bavaria is braving the turbulence by financing fresh vessels.

With two new ships, MST Mineralien Schiffahrt Spedition

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