Norddeutsche Reederei H Schuldt (NRS) has completed one of Germany’s largest fleet restructuring deals after lender HSH Nordbank agreed to refinance a fleet of 35 boxships in an agreement thought to be worth more than EUR 1bn ($1.09bn).
The restructuring enables the Hamburg-based operation to chart its own course under a strengthened management team, and follows the end of talks involving other German owners looking to merge with the Norddeutsche fleet.
It
