A booming container ship market will enable Portfoliomanagement (PM) to close its doors next year on a high note.
The Hamburg and Kiel-based bank this week sold a loan portfolio of 56 small-to-medium-sized container ships to US investors in a deal that marks a pivotal moment in the six-year lifetime of the wind-down agency.
The chunky portfolio being sold to US investors comprises mainly container vessels from 1,000 teu up to 4,500 teu.
