German Shipping Crisis

The economic crisis has resulted in extremely choppy seas for the German maritime industry. According to a study of 101 German shipping companies, surveyed by PricewaterouseCoopers, 84 percent had to adjust their funding models last year. Three out of four companies were forced to improve their liquidity position by raising fresh equity or by selling real estate investments. Every second company had to lay up ships or postpone planned newbuildings.

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