Do not be fooled by indications that German banks might be ready to hive off their substantial fleets comprising mostly boxships.
According to Lloyd Fonds chief executive Torsten Teichert, the banks will be holding on to shipping assets for some time to come.
Teichert believes they will not be able to sustain the losses from selling ships and loan portfolios and will continue to seek out alternatives to vessel disposals or insolvency.
That
