KfW Special Program – A Lifeline for Shipowners

Outside of Germany, there has been a certain lack of clarity with respect to the German government’s response to the financial crisis in general and shipping in particular. We were, therefore, very fortunate this week to get insights on the KfW-Sonderprogramm from Iris Heese and Sascha Röber both of whom are involved in the program.

In this instance, government assistance involves specific loan programs for businesses and is managed by KfW Bankengruppe, which as a promotional bank is owned by the Federal Government and the federal states and is headquartered in Frankfurt.

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