German HSH Nordbank

German HSH Nordbank reported loss provisions of EUR 1.99 billion due to difficulties in shipping markets. Shipping NPE (Non-Performing Exposure) constituted EUR 9 billion of $13.6 billion total. German HSH Nordbank signed fewer new contracts with creditworthy in other words blue chip international companies. German HSH Nordbank EUR 16.1 billion shipping portfolio relating to its fleet of 1,332 ships and HSH Nordbank is up for sale.