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 investor pressure grows on the sector to accelerate going greener, according to...

22 mins ago
Total Views: 112

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 emissions as the sector accelerates efforts...

March 17, 2021
Total Views: 1439

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 January. The company, which...

October 12, 2020
Total Views: 117

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 shipping & logistics business, a role which will...

August 22, 2019
Total Views: 9

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 of a drive to...

June 18, 2019
Total Views: 27

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 invested in before,...

February 20, 2019
Total Views: 19

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 managed by Oak Hill...

June 19, 2018
Total Views: 4

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 to draw...

June 18, 2018
Total Views: 4

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 Nordbank , once the world’s largest...

February 28, 2018
Total Views: 7

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, finance sources said, as the German banking system...

November 17, 2017
Total Views: 26

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 new...

November 6, 2017
Total Views: 43

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. Flowers by a deadline on Friday as part...

October 30, 2017
Total Views: 1

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 slump...

July 24, 2017
Total Views: 58

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 of distressed shipping loans. The German...

June 1, 2017
Total Views: 26

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 suffering from a weak shipping market that is chipping...

March 10, 2017
Total Views: 52

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 that it would purchase...

January 23, 2017
Total Views: 3

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 buyers, the bank organising the process said on Monday....

January 23, 2017
Total Views: 1

Friday, January 20, 2017

RBS Sells $600 Million of Shipping Loans -Sources

LONDON/TOKYO, Jan 20 (Reuters) – Royal Bank of Scotland has concluded agreements to sell at least $600 million worth of shipping loans from its portfolio as part of efforts to...

January 20, 2017
Total Views: 1

Wednesday, December 21, 2016
cargo ship

RBS Close to Selling Shipping Loans Worth $600 Million -Sources

By Jonathan Saul and Andrew MacAskill LONDON, Dec 21 (Reuters) – Royal Bank of Scotland is close to selling at least $600 million worth of shipping loans from its portfolio,...

December 21, 2016
Total Views: 34

cargo ship
Maritime News

Niche Shipping Bank Opens in Norway

A niche bank for the shipping and offshore sectors has opened for business in Norway after years of planning. Starting Wednesday, December 20, 2016, Maritime & Merchant Bank ASA (M&M)...

December 21, 2016
Total Views: 17