Deutsche Bank makes further progress on ‘derisking’ shipping portfolio
Bank’s ‘derisking initiatives’ — involving single loan and ship sales — will reduce its long-term shipping lending book to below $3.3bn. But it also includes a portfolio sale transaction agreed last month involving $935m of non-strategic or non-performing shipping loans
Dry bulk and container markets saw some improvement in the second quarter, but the tanker market ‘continues to be under pressure’, says Deutsche Bank
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