NordLB Raises Loan-Loss Provisions as Shipping Crisis Persists
Norddeutsche Landesbank Girozentrale, one of the world’s top shipping lenders, increased loan-loss provisions by 2 percent in the third quarter as the
Norddeutsche Landesbank Girozentrale, one of the world’s top shipping lenders, increased loan-loss provisions by 2 percent in the third quarter as the
How does one invest in the shipping markets when the global economy is manipulated by central
The foray of private equity groups in the shipping industry has been a focal point of discussion in industry forums, ever since the high-profile investments by
The momentum keeps building that shipping is indeed in a cyclical
French gas and power group GDF Suez is working on a stock market listing for its Gaztransport & Technigaz (GTT) subsidiary, Chief Executive Gerard Mestrallet
BW LPG Limited, the world’s largest owner and operator of very large gas carriers (VLGCs) will be listed on the Oslo Bors on Thursday, 21 November with
Nov. 19 (Bloomberg) — In China’s “Shipping Valley,” where the Yangtze River empties into the sea north of Shanghai, the once-bustling
By Jonathan Saul and Matt Scuffham LONDON, Nov 13 (Reuters) – Lloyds Banking Group has sold a $500 million-plus portfolio of shipping loans to cut its
Nov. 11 (Bloomberg) — Transocean Ltd., the world’s largest offshore rig contractor, will boost its dividend and cut costs as part of an agreement
Sept. 30 (Bloomberg) — A.P. Moeller-Maersk A/S, owner of the world’s largest shipping line, fell the most in a week in Copenhagen trading on
I received an email from a friend containing the following cynical view of the shipping markets. It highlights the frustration among many older
Sept. 26 (Bloomberg) — Prosafe SE, a supplier of floating accommodation units for the offshore oil and gas industry, rose the most on the Oslo stock
Tom Keene at the Bloomberg Markets 50 Summit in New York interviewed Jim Chanos, founder of Kynikos Associates Ltd., and Jim O’Neill, former chairman of
Sept. 23 (Bloomberg) — Shipping lenders are tightening rules on who their clients can trade with after the industry’s worst rout in at least 23
Sept. 20 (Bloomberg) — Nordea Bank AB, Scandinavia’s biggest lender, said the shipping industry will next year begin to recover from its worst
Sept. 16 (Bloomberg) — Danske Bank A/S said Eivind Kolding will step down as chief executive officer today as the board replaces him with a candidate it
Singapore shares were slightly lower on Friday, but oil and gas services provider Ezra Holdings Ltd surged to an eight-month high on market speculation about a
United Arab Emirates-based rig builder Lamprell (LSE:LAM) announced today that an undisclosed drilling contractor has exercised a newbuild option for an
Jim Rogers is seriously concerned about the impact of continual and expansive monetary policy coordinated by central banks around the globe. We have even seen
In an article yesterday in ZeroHedge, Tyler Durden recalls from earlier this summer, “problems with the industry-specific data underlying the Chinese
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