DNB, Nordea See Gain in Commerzbank Shipping Exit

DNB, Nordea See Gain in Commerzbank Shipping Exit

Tomm W. Christiansen/Bloomberg

DNB, based in Oslo, and Stockholm-based Nordea, the world’s No. 4 shipping bank, are sticking it out in an industry hurt by soaring fuel costs and slumping freight rates and asset values, even as other European banks have scaled back or left the business.