Firm in landlocked Bavaria revives funding of new ships
Tue, Nov 08, 2016 - 5:50 AM
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.
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...