“Hallo” to the paired down and newly-named Hamburg Commercial Bank (HCB) and “auf wiedersehen” to HSH Nordbank, once the largest ship lender in the world.

Is this just a name change in Germany or a symbol of European banking decline and perhaps “Ni hao” to a new era of maritime finance led by China?

HSH, which nursed losses of €10bn ($11.4bn) to €14bn to its state shareholders, will over the course of February be rebranded HCB.