In an interview with TradeWinds WebTV the Frankfurt-based financier’s shipping head joked that he is still willing to ‘seize the keys’ to ships when owners are in default but admitted that most bankers are better suited for the boardroom than the bridge.

“We are still keen on being paid back,” he said when asked about what has become known as his “give me a check or give me the keys” philosophy before pointing out that these decisions often depends on the counterparty and market outlook for the vessel and sector in question.

“If