Hamburg Commercial Bank (HCOB) has doubled the amount of new shipping business on the back of stronger shipping markets.
New business with both German and international shipping companies grew to €1.9bn ($2.07bn) in the 2021 fiscal year — up from €900,000 in the previous corresponding period.
The former HSH Nordbank, once the world’s largest ship financier, was able to take advantage of strong demand for ship transport capacity.
