The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site. Please see our Subscription Terms and Conditions.


All material subject to strictly enforced copyright laws. © 2022 Euromoney, a part of the Euromoney Institutional Investor PLC.
BANKING

HSH Nordbank: God’s gift to shipping

The German specialist lender rides the wave of ship-borne globalization.

The hidden gems of European banking

Saxo bank: Building on a bright idea

A world-wide local business: Rabobank

Smarter than bigger rivals: SEB

The world’s internet banker: ING Direct

gems-hsh.gif

“‘God must be a shipowner’ is a popular saying among those in the shipping industry,” says Martin Kuznik, global head of ship financing at HSH Nordbank, the Hamburg-based bank that is the world’s leading ship financer. “The shipping industry is at the heart of globalization. Just look at where on the globe the growing manufacturing economies are, look where all the raw materials are located and look where the final goods are consumed. Shipping benefits hugely from the shift in the world’s manufacturing base to Asia, with its dependence on raw material imports, while container shipping benefits from the export of Asia’s production to the rest of the world.”

But the shipping industry is not just attractive to shipowners, it is also extremely attractive for the banks that finance them. Although the business is considered risky because it is highly cyclical and volatile, losses are in fact extremely low.

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.

SUBSCRIBE ONLINE TODAY

Unlimited access to Euromoney.com and Asiamoney.com

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually

FREE 7 DAY TRIAL

Unlimited access to Euromoney.com and Asiamoney.com, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors

LOGIN NOW

Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree