Attempts by HSH Nordbank to offload tens of containerships to ease pressure on its balance sheet are being hampered by falling vessel values, say shipping sources.
The German bank is said to be packaging together a series of “Nautilus”-style deals for what some believe is as many as 70 vessels across a range of shipping sectors but primarily comprising boxships.
But protracted negotiations to offload debt-burdened vessels are at risk of being scuttled as asset values have dropped, say brokers.
