German banks have failed to support the latest effort to deal with the country’s shipping woes, a leading industry figure believes.
The accusations come from Lloyd Fonds chief executive Torsten Teichert, who plans to transform the German issuing house into a listed shipowning company stuffed full of former KG (limited partnership) owned vessels.
Teichert is a firm believer that something has to change in German shipping, which for the past seven years has been embroiled in crisis.
