German ship financing faces its deepest crisis

The system that financed a third of the world’s container ships is facing its biggest crisis after the industry slump has eliminated or slashed many specialist shipping funds’ earnings.

More than 20 of Germany’s 1,600 Kommanditgesellschaft – or KG – shipping funds have been forced into insolvency or other restructuring, according to Deutsche Zweitmarkt, which runs a secondary market in fund shares.