Conventional KG funding scheme 'dead for next 24 months'

Patrick Hagen, Hamburg - Friday 8 May 2009

INVESTMENTS in the shipping industry during the crisis will need other forms than the traditional KG scheme, according to the head of a major German KG house.

“For new projects, equity has to be available first,” said König & Cie founder Tobias König.

Under the KG financing scheme, a vessel is ordered or purchased ...

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