Subscribe to RSS feedGerman shipowners support calls for state aid to industry
by
Patrick Hagen Hamburg
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last modified
Dec 10, 2009 02:29 PM
THE GERMAN shipping industry needs government aid in order to survive the crisis, according to Hapag-Lloyd chief executive and head of the German shipowners’ association VDR, Michael Behrendt.
“We have to survive a foreseeable period of two, maybe three, years,” Mr Behrendt said last week.
“For this period, we need support.”
Mr Behrendt endorsed the rescue plan for shipowners, KG companies and shipping banks initiated by Hamburg’s port...
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