Wednesday, March 22, 2023

UBS Likely to Shrink Credit Suisse’s $10 Billion Shipping Portfolio -Report

March 22 (Reuters) – UBS Group AG will likely shrink Credit Suisse Group’s $10 billion shipping portfolio that it inherited as part of its

March 22, 2023
Total Views: 1889

Sunday, March 12, 2023

How A SVB Bailout Could Solve Global Security Problems

What is the common denominator in the recent port congestion crisis and current Taiwan security crisis, global food crisis, global energy crisis, US military

March 12, 2023
Total Views: 9075

Friday, December 16, 2022

Most Shipping Banks Fall Short of IMO’s Climate Ambition -Report

Out of the more than two dozen international banks that have reported emissions data of their ship finance portfolios, only seven are aligned with the

December 16, 2022
Total Views: 417

Tuesday, October 19, 2021

Shipping Industry Faces ESG Heat from Lenders

By Jonathan Saul LONDON, Oct 19 (Reuters) – Banks are demanding much stricter environmental criteria when financing shipping companies as

October 19, 2021
Total Views: 1052

Wednesday, March 17, 2021

Japanese Banks Sign The Poseidon Principles

By Jonathan Saul (Reuters) – Leading Japanese lenders have joined an initiative that links the provision of shipping finance to cuts in carbon dioxide

March 17, 2021
Total Views: 1458

Monday, October 12, 2020
Maritime News

Shipping Giant CMA CGM Sells Bond to Refinance Debt

By Irene García Pérez and Libby Cherry (Bloomberg) –French shipping giant CMA CGM SA has found a window of opportunity to refinance its debt due in

October 12, 2020
Total Views: 669

Thursday, August 22, 2019
container ship
Maritime News

Citigroup’s New Shipping Finance Chairman to Deepen Environmental Focus

By Jonathan Saul LONDON, Aug 22 (Reuters) – Citigroup’s veteran shipping finance banker Michael Parker is to become chairman of the bank’s

August 22, 2019
Total Views: 13

Tuesday, June 18, 2019
containership sailing
Maritime News

Banks With $100 Billion in Shipping Loans Get Strict on Climate

(Bloomberg) –A group of financiers with $100 billion of loans to shipowners are about to get stricter on the kinds of vessels they’ll finance as part

June 18, 2019
Total Views: 351

Wednesday, February 20, 2019
Ship and Marine Finance Image
Maritime News

Hedge Funds Hunt for Shipping Debt in New Market Push

By Jonathan Saul and Maiya Keidan LONDON, Feb 20 (Reuters) – A growing number of hedge funds are moving into shipping debt, an asset class few have

February 20, 2019
Total Views: 34

Tuesday, June 19, 2018
cargo ship thailand
Maritime News

Deutsche Bank Sells $1 Billion Ship Loan Portfolio

By Arno Schuetze FRANKFURT, June 19 (Reuters) – Deutsche Bank is selling a $1 billion portfolio of legacy shipping loans to an entity owned by funds

June 19, 2018
Total Views: 371

Monday, June 18, 2018
cargo ship
Maritime News

Deutsche Bank Said to Offload $1 Billion Ship Loan Portfolio

By Arno Schuetze and Jonathan Saul FRANKFURT/LONDON, June 14 (Reuters) – Deutsche Bank has found a buyer for the bulk of its bad ship loans as it seeks

June 18, 2018
Total Views: 363

Wednesday, February 28, 2018
cargo ship at sea
Maritime News

State Owners Sell Germany’s HSH Nordbank, Once the World’s Largest Shipping Bank, to Buyout Groups

By Arno Schuetze and Jan Schwartz HAMBURG, Feb 28 (Reuters) – A consortium of buyout groups will pay around a billion euros for Germany’s HSH

February 28, 2018
Total Views: 440

Friday, November 17, 2017
Paper Money Ship In Storm

German Banks Offload “Toxic” Shipping Debt

by Jonathan Saul, Arno Schuetze (Reuters) Top national lenders Deutsche Bank and Commerzbank are stepping up efforts to offload distressed shipping loans,

November 17, 2017
Total Views: 54

Monday, November 6, 2017
Billionaire Cash

Got Billions? Credit Suisse Will Make You A Shipping Magnate

by Jonathan Saul (Reuters) The leap in assets at Credit Suisse’s private bank to a record high this year has been aided by a key plank of the bank’s

November 6, 2017
Total Views: 58

Monday, October 30, 2017

HSH Nordbank Privatization Attracts Private Equity Offers -Sources

FRANKFURT, Oct 29 (Reuters) – The owners of Germany’s HSH Nordbank received binding offers from private equity groups Apollo, Cerberus and J.C.

October 30, 2017
Total Views: 438

Monday, July 24, 2017
cargo bulk ship

European Banks Struggle to Solve Toxic Shipping Debt Problem

By Jonathan Saul LONDON, July 24 (Reuters) – Dutch shipowner Vroon is finding talks with banks tough going as it tries to navigate a way out of a long

July 24, 2017
Total Views: 73

Thursday, June 1, 2017
Maritime News

Commerzbank Moves Closer to Shedding Toxic Ship Loans

FRANKFURT, June 1 (Reuters) – Commerzbank AG on Thursday announced significant steps in its effort to shed its 4.5 billion euro ($5.05 billion) portfolio

June 1, 2017
Total Views: 417

Friday, March 10, 2017
cargo ship
Maritime News

NordLB to Inject Capital into Bremer Landesbank After Shipping Writedowns

FRANKFURT, March 10 (Reuters) – German state-controlled lender NordLB will inject money into its loss-making Bremer Landesbank (BLB) unit, which is

March 10, 2017
Total Views: 67

Monday, January 23, 2017
Maritime News

Japan’s Orix Looking to Scoop Up More European Shipping Debt

LONDON, Jan 23 (Reuters) – Japanese financial services firm Orix Corp said it was looking to buy more shipping loans in Europe after confirming on Monday

January 23, 2017
Total Views: 4

Maritime News

Shipping Bank HSH Nordbank Invites Indicative Bids from Potential Buyers

FRANKFURT, Jan 23 (Reuters) – Shipping finance provider HSH Nordbank has launched its planned sale, inviting expressions of interest from potential

January 23, 2017
Total Views: 1