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The bet that failed: Kurt Zech unravels Zeaborn

Construction king Kurt Zech’s flirtation with shipping appears to be coming to a close, with the ambitious entrepreneur’s rapid expansion of Zeaborn Group on the back of the cheap assets available in the wake of the shipping downturn increasingly seen in German industry circles as a brave bet that didn’t come off

‘He knows he gambled and lost. Very different from owners who feel hurt in their pride and drag a dead horse around the desert for years,’ quipped one Hamburg shipping source

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