Tuesday, October 19, 2021
Wednesday, March 17, 2021
Monday, October 12, 2020
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...
Thursday, August 22, 2019
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...
Tuesday, June 18, 2019
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...
Wednesday, February 20, 2019
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,...
Tuesday, June 19, 2018
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...
Monday, June 18, 2018
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...
Wednesday, February 28, 2018
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...
Friday, November 17, 2017
Monday, November 6, 2017
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...
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...
Monday, July 24, 2017
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...
Thursday, June 1, 2017
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...
Friday, March 10, 2017
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...
Monday, January 23, 2017
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...
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....
Friday, January 20, 2017
Wednesday, December 21, 2016
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,...
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