Hamburg urges banks to push slow steaming

German state calls on ship finance sector to put pressure on owners and box lines to help stabilise rates

By Patrick Hagen and Katrin Berkenkopf - Friday 5 February 2010

HAMBURG’S economics minister Axel Gedaschko wants ship finance banks to persuade owners and container lines to adopt slow steaming more widely. Such a move would help German tramp owners to survive, with more ships needed to keep up services.

“We are already in talks with two of the largest ship finance banks and want to organise them...

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