New German port strategy heavily criticised for the “money later” angle
NewsThe national port associations miss commitments on seaport financing from Berlin. “It seems as if the government has run out of steam.” / Written by Harry de Wilt
Germany’s Nord LB seeking new funds
Nord LB Hanover, the ship finance bank owned by the German states of Lower Saxony (NS) and Saxony-Anhalt, needs fresh capital. According to Thomas Bürkle, the bank’s CEO. “There are enough market players who realise that Nord LB has a good and workable business concept for strategic investors,” he said.
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