The bank says the deal will allow it to claw back EUR 160m ($216m) in loans on the vessels, which TradeWinds revealed last week to be Borealis bound.
In the event, the ships have been swallowed by a joint venture between a KKR Special Situations Group of Kohlberg Kravis Roberts & Co and Borealis Maritime.
“Through the sale of this portfolio of smaller container vessels the risk profile in the Non-Core Assets (NCA) Deutsche Schiffsbank division is being further improved,” Stefan Otto, divisional board member NCA Deutsche Schiffsbank, said.
Commerzbank
