A junior professorship in maritime management will be established at the faculty of business administration of Hamburg University.

Donations of EUR 450,000 ($500,000) will be provided by German owners Ahrenkiel Steamship, ER Capital Holding, Claus-Peter Offen, Peter Dohle Schiffahrts, Rickmers Holding, Bernd Kortum and Bernhard Schulte.

Wolfgang Topp, of HSH Nordbank, said: “To date we have no answer to the question as to which ships will be underway on the world’s oceans or in very concrete terms on the Elbe, in ten years’ time.

“This