German bank pulls plug on carrier lending

摘要

Commerzbank stops cash German shipowners stunned Nagel: State should step in Move could be positive One of Germany's largest banks, Commerzbank, has decided to cease lending money to shipowners. Cash-strapped ocean carriers have been told to look elsewhere for ship financing in future, and only past commitments will be honoured. This is a huge blow to shipowners as Commerzbank has been a big lender to Germany's tramp vessel investors who own a significant share of the world's container vessel fleet.