20% of KG-funded boxships are insolvent

September 14, 2016

Nearly one in five containerships owned by KG funds in Germany is insolvent according to data released by research firm Deutsche Fondsresearch. There are approximately 1,800 KG funds, controlling around 2,200 containerships at present. BSI, an association for German closed-end funds, said its members had the equivalent of about $17.5bn invested in shipping assets last year.

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