Commerzbank is refusing to throw in the towel across every sector of the boxship market.
The German bank, which is restructuring its predominantly container shipping-oriented loan portfolio, has placed sub-panamax vessels of 2,000 teu and 3,000 teu at the core of its portfolio of 16 ships placed under its in-house shipping operation, Hamburg Ship Asset Management (HSAM).
The fledgling platform has been tasked with selecting vessels that can be sold at significantly higher prices when the market recovers.
Choosing
