Deutsche Schiffsbank to reduce shipping exposure

German shipping lender Deutsche Schiffsbank is to divide its clients into strategic and non-strategic customers and will conduct no further business with the non-strategic customers, the head of the bank, Stefan Otto, has confirmed.

“At the moment, we are looking very closely at each of our customers and have to decide with whom we want to intensify our relationship,” Mr Otto said.

“Generally it is true that we are being very selective about new business;...

This full article is available to Lloyd's List DCN subscribers only.

If you are already a subscriber, please sign in below.

If you're not a subscriber and would like to experience the full benefits of Lloyd's List DCN with a 14 day trial, please click here.

Alternatively, click here to subscribe.

Please log in

Forgot your password?

If you have forgotten your password, click here to retrieve it.

Login Name

Password

Daily Top Stories

• Rena officers sent to prison
• New salvage facility for Cairns
• Worker dies in Newcastle wharf tragedy
• Major supramax markets diverge
• Panama Canal fees hike planned for July
• 12% of world tanker fleet facing scrapping