| Series Title | Financial Times |
|---|---|
| Series Details | 12.9.09 |
| Publication Date | 11/09/2009 |
| Content Type | News |
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Article reports that Hapag-Lloyd looks set September 2009 to become the first big shipping line rescued with state help during the financial crisis after Germany’s transport secretary said its application for €1.2bn in state-backed loan guarantees was justified. The move is likely to increase the pressure on other European states to offer support for maritime industries hit by the global economic downturn and the effects of excess shipping capacity during the industry’s long boom. |
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| Subject Categories | Business and Industry, Internal Markets, Mobility and Transport |
| Countries / Regions | Europe, Germany |
