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Nordbank: 3b euros on ship financing since '11
Add BT as a preferred sourcePublished Mon, Nov 18, 2013 · 10:00 PM
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[HAMBURG] HSH Nordbank, the world's largest shipping finance bank, spent about three billion euros (S$5.05 billion) since 2011 to help clients order new vessels and modernise their fleet.
The bank financed 56 vessels a year, about half dry bulk carriers and the rest product tankers, car carriers and a few container ships, said Christian Nieswandt, global head of shipping for domestic clients.
"We have a strong interest in a modern fleet that is able to compete," Mr Nies-wandt told reporters in Hamburg, rejecting speculation that the bank stopped new ship financing.
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