NordLB could post higher than expected losses if its ship disposal project falls short, Fitch says.

The leading ratings agency explained the bank may face increased pressure given that selling ships is not an easy task nowadays.

A lack of recovery in cargo markets and competition from other lenders offloading ships are the main reasons for that, according to Fitch.

NordLB has been making efforts to reduce its exposure to the shipping sector since 2010.

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