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German shipping faces ongoing upheaval as slump shakes sector
Much of country’s shipping heritage is being lost as the industry continues to suffer what could well turn out to be the deepest and longest downturn in its history
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Found an interesting story?
German shipping faces ongoing upheaval as slump shakes sector
Much of country’s shipping heritage is being lost as the industry continues to suffer what could well turn out to be the deepest and longest downturn in its history
Market sentiment has some brokers questioning whether they are ‘digging their own graves’ as five years from now they may have little business left.
Shipowning in Germany has become a battle for survival. For several years, German shipowners have been waiting for a recovery that never came.
It has been likened to the Samuel Beckett play, “Waiting for Godot”, in which characters wait in vain for the mysterious Godot.
But Godot, in the form of the recovery, still has not arrived and increasing
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