A new generation of tech-savvy entrepreneurs is hoping to revamp the billion-dollar ship finance market in Germany.

Among them is Hamburg-based New Shore Invest, which is seeking to revitalise the KG (limited partnership) model by trading shipping shares digitally.

“There is a market among investors as well as an appetite from shipowners for fresh equity,” said Hanno Tamminga, one of three founding partners at New Shore.

New Shore has teamed up with Norwegian finance house NorthCape Capital, which is a minority partner.