Loss Tops $1 Billion for Ship Financier HSH Nordbank

HSH Nordbank, the world’s largest ship financier, today announced its net loss soared to €814 million ($1.1 billion) in 2013 from €124 million ($172.4 million) in 2012, and said it doesn’t expect the global shipping market to recover before 2015 at the earliest.

Please log in, register or subscribe to access the full article.