Philipp Wunschmann: Resiliency in Covid-19 has been 'proof of concept'

For shipping, this year has shown a very robust performance so far.

In this respect, the Covid-19 pandemic for once has been positive in the sense of a "proof-of-concept". We have not had any default or loss in our book. We have just made the third stress test which, during the Covid-19 pandemic, we have introduced every quarter on our portfolio.