Singapore: Germany's second largest ship finance organisation, state-backed Norddeutsche Landesbank (NordLB), is tapping Asian investors via its Singapore subsidiary, according to Bloomberg. NordLB’s Singapore division is tapping Asian private equity firms to come onboard packages of 10 to 20 vessels with Bloomberg citing Thomas Buerkle, NordLB's board member, as saying Asian investors believe there are good opportunities amid the shipping slump. “In Asia, they are not talking about a shipping crisis,” Buerkle said. “In Asia, you have investors that put their money in ships, as they believe that the slump is so deep now that it offers good opportunities.” [08/01/15]
