LONDON/FRANKFURT (Reuters) - German banks are struggling to recoup tens of billions of dollars of loans as a global shipping industry slump hits them hard. The lenders - among the biggest backers of ...

The government of Germany has chosen to fund green shipping and ports by another €400 million, Federal Transport Minister Patrick Schnieder announced on July 3, 2025, when the money is allocated from ...

The vast majority of ships in the German fleet will run on the new sulfur-reduced fuel (Low Sulfur Fuel Oil, LSFO) from 1 January at the latest. This is one of the findings of a survey conducted by ...

A potential re-election of Donald Trump as US president would pose challenges for the German shipping industry, according to a study by auditing firm PwC seen by dpa. The study reveals that 78% of ...

Germany, one of the world’s main maritime players, saw its commercial fleet shrink by a third over the past six years, becoming the biggest loser in a vicious industry slump that has reshaped global ...

FILE PHOTO: A Hapag Lloyd container ship is loaded at a shipping terminal in the harbour of Hamburg, Germany, March 25, 2017. REUTERS/Fabian Bimmer/File Photo 31,129 people played the daily Crossword ...

BALTIMORE (WJZ)-- Maryland will soon welcome one of the world's largest container shipping companies to the Port of Baltimore. It's because the state gave a private company the rights to run the ...

BERLIN – A German shipping company says its cargo ship seized by Somali pirates off the coast of Kenya has been freed. Spokeswoman Verena Beckhusen for the shipping company Beluga-Reederei told The ...

FRANKFURT/LONDON (Reuters) - German lender DZ Bank is looking to sell its shipping finance business quickly after its transport division booked provisions for bad loans of 445 million euros ($522 ...

German shipping investment that once helped shape the world’s maritime operations is in retreat, as years of steep losses lead many of the country’s biggest banks to abandon ship financing altogether.