Nordea Bank and Norges Bank is the world's two largest shipping lenders. Up to five years in the shipping industry after the downturn of the two banks seem to have seen the end of the recession in sight.
    Nordea Bank CEO Christian Clausen said the second quarter, the bank's loan loss cargo units compared to the first quarter, a decrease of 15% since 2011 to become at least a quarter. Operating profit amounted to seven the highest point since the first quarter, while loan losses in shipping is likely to continue to decline.
    Clausen said he believes the shipping industry's loan losses are no longer a problem.
Currently, the shipping industry is 70 years since the 20th century, the most sluggish market conditions to seek revival, while freight rates decline, overcapacity problem still exists. Shipping companies have been trying to pay off debt, and many banks also have some shipping loan losses, these banks are not just Nordea Bank and Norges Bank, including Germany, Northern Bank, Germany's Commerzbank, Norddeutsche Landesbank.


      Nordea Bank as a competitor in Norway, Norges Bank is the world's second-largest shipping bank. The website says the line in the second quarter, the bank shipping, marine and logistics sector loan losses than in the first quarter decreased by 43% to 198 million Norwegian Kroner ($ 33 million), the lowest level since the four quarters.


Norges Bank's global shipping, marine engineering, logistics director Kristin Holth said that 2013 would be a very tough year, and for some industries, 2014 may be equally difficult. However, through a diversified portfolio, the bank will be able to get good returns.


      Holth said that this year, Norges Bank has predicted that the shipping loan loss reserves increased from 1 billion to 1.5 billion Norwegian Kroner Norwegian Kroner, while in 2012 this amounted to 940 million Norwegian Kroner. But he refused to disclose the 2014 forecast.


      Nordea Bank is the world's fourth largest shipping bank, the bank in July revealed that the market for tankers and dry bulk market, 2013 will be a large number of new ship deliveries last year, which for the future prospects of these markets since a certain amount of stability.


      Clausen said Nordea Bank estimates that in the next few quarters, the amount calculated by the shipping line portfolio is likely to be slightly higher.
    The most serious crisis in the shipping industry, other banks have to give the industry time, Nordea Bank and the Norwegian investment bank has always insisted on the shipping industry. Now, the two banks began to make a profit. Last June, the world's third largest commercial bank said Fang Deguo shipping loans, will end ship financing and focus instead on sustained profitable business fields.


      Other German lenders are struggling. As the world's largest shipping lenders, banks in northern Germany, June 7, said the bank's loan loss reserves have increased in the first quarter more than tripled.
    In contrast, the Nordic banking situation is more favorable. This is because these banks in the portfolio is more diversified than the German banks, and more attention to the field of industrial transport and marine engineering, rather than tankers, dry bulk and container shipping industry.


      In Norges Bank's investment portfolio, Cargo and dry bulk cargo accounted for 14% and 12%, 9% oil tanker, the rest include marine, logistics, cruise ships, ro-ro and so on.
    Union Bank last year in the Nordic portfolio, drilling equipment, supply vessels and oil services accounted for 25%, container ships and dry cargo accounted for 11%, 11% crude oil tankers, chemical tankers and product tankers accounted for 13%.


      While in Germany the portfolio of commercial banks, accounting for 33% of container ships, bulk carriers, 20%, 25% oil tankers. This year, the bank's shares are traded on the Frankfurt market fell 39%. Nordea Bank since the end of 2012 fell by 34%, while Norges Bank's stock is up 38 percent this year.
    Holth said, not every aspect of the shipping industry have been ready for the market recovery. Norges Bank is not too optimistic about the oil tanker market, believes that there is no indication that freight rates are rising rapidly, and thus the situation improved also takes time. The dry bulk market despite positive signs, but the freight rates will likely fall.


      However, other aspects of the shipping industry still show signs of recovery, but it also attracts more lenders. Holth said Norges Bank is very pleased to see this phenomenon, and lenders can be expected investment interest will increase.