HSH Nordbank AG market survey: Confidence among shipping companies in the industry continues to grow

  • Shipping companies predict increased turnover and profits in 2014
  • Strong dynamic growth and increasing rates are expected in the bulk carrier market
  • Shipping companies also see market opportunities for smaller and very large container vessels
  • A wave of new construction will exacerbate the problem of overcapacity
  • The trend is to consolidate, particularly in the container shipping sector
  • Bank loans will remain the most important form of ship financing, also in future
  • The volume of private equity is increasing

Hamburg/Kiel, 10-7-2014 — /EuropaWire/ — Confidence among shipping companies in the industry continues to grow – in 2014 a clear majority of companies expect increased turnover and more than 40 per cent expect higher profits in comparison to the previous year.

HSH Nordbank AG
Petra Bassen
Spokeswoman
Phone +49 40 3333-15001
Fax +49 40 3333-615001
E-mail petra.bassen@hsh-nordbank.com

HSH Nordbank AG
Rune Hoffmann
Head
Press and Media Relations
Phone +49 40 3333-11412
Fax +49 40 3333-611412
E-mail rune.hoffmann@hsh-nordbank.com

The information contained in this press release does not constitute an offer for the sale of any type of HSH Nordbank AG securities. Securities of HSH Nordbank AG may not be sold in the United States without registration pursuant to US securities legislation, unless such a sale takes place on the basis of relevant exceptional provisions.

This press information can contain forward-looking statements. These statements are based on our beliefs and assumptions, on information currently available to us which we consider reliable. Forward-looking statements include all statements which are not historical facts, including information concerning future growth prospects and future economic developments.

Such forward-looking statements are based on assumptions relating to future events and are subject to uncertainties, risks and other factors, a large number we cannot influence. Thus actual events can differ considerably from the forward-looking statements made. We make no warranty for the correctness or completeness of these statements or the actual occurrence of the statements made. Furthermore, we assume no obligation for updating the forward-looking statements after this information has been published.

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