Wednesday, December 14, 2016
Maritime News

Proposed New Capital Rules Threaten Struggling Shipping Sector

By Jonathan Saul LONDON, Dec 14 (Reuters) – The global shipping industry will hit a credit crunch if proposed new bank capital rules are implemented in a

December 14, 2016
Total Views: 34

Monday, November 14, 2016
loaded containership

German Shipping Bank DVB Seeks Capital Increase Amid Downturn

FRANKFURT, Nov 14 (Reuters) – German shipping bank DVB said on Monday it will seek a capital increase after write-downs on bad loans pushed the lender to

November 14, 2016
Total Views: 3

Wednesday, November 9, 2016
Maritime News

Bank of Ireland Still Winding Down Shipping Loan Business

By Jonathan Saul LONDON, Nov 9 (Reuters) – Bank of Ireland said it is still winding down its shipping business, among a number of banks looking to cut

November 9, 2016
Total Views: 178

Tuesday, November 8, 2016

Bank of Ireland Joins Others in Shipping Loan Wind Down

By Jonathan Saul LONDON, Nov 8 (Reuters) – Bank of Ireland said it is winding down its shipping business, joining other banks looking to cut non-core

November 8, 2016
Total Views: 125

Friday, November 4, 2016
Maritime News

KKR’s Pillarstone Set to Snap Up Europe Shipping Loans After Appointing Industry Vet

By Steve Slater LONDON, Nov 4 (IFR) – Pillarstone, the platform set up by US private equity firm KKR to buy non-core bank assets in Europe, looks set to

November 4, 2016
Total Views: 87

Tuesday, September 20, 2016
Maritime News

RBS Starts Winding Down Shipping Business as Hope for Sale Fades

By Jonathan Saul LONDON, Sept 20 (Reuters) – The Royal Bank of Scotland has begun winding down its global shipping finance business, it said on Tuesday,

September 20, 2016
Total Views: 4

Thursday, September 15, 2016
Maritime News

German Banks Count Cost of Global Shipping Crisis

By Jonathan Saul and Andreas Kröner LONDON/FRANKFURT, Sept 15 (Reuters) – German banks are struggling to recoup tens of billions of dollars of loans as

September 15, 2016
Total Views: 33

Thursday, September 1, 2016
NordLB office building hamburg

Germany Bails Out Bad Shipping Loans

German state-controlled lender NordLB has agreed to take full control of its loss-making Bremer Landesbank (BLB) unit, which is suffering from a weak shipping

September 1, 2016
Total Views: 4

Sunday, August 28, 2016
hurtigruten cruise ship MS Finnmarken

Hurtigruten Attracts Private Equity

Norwegian cruise operator Hurtigruten ASA has attracted interest from buyout firms EQT Partners AB, Bain Capital and TPG, according to people familiar with the

August 28, 2016
Total Views: 128

Monday, August 22, 2016
NordLB office building hamburg

NordLB to sell $1.5B In Shipping Loans

by Maria Sheahan (Reuters) Aug 22 German state-owned lender NordLB and KKR Credit said they had reached an agreement by which KKR Credit will acquire a $1.5

August 22, 2016
Total Views: 9

Thursday, August 11, 2016
Maritime News

RBS Puts Turkish Shipping Loans Up for Sale in Exit from Sector

By Jonathan Saul and Andrew MacAskill LONDON, Aug 11 (Reuters) – Royal Bank of Scotland has put its portfolio of Turkish shipping loans up for sale, in

August 11, 2016
Total Views: 9

Maritime News

More Swiber Fallout as Debt Panic Hammers Singapore Banks

By Jonathan Burgos (Bloomberg) — The recent drubbing in Singapore bank stocks is turning Southeast Asia’s biggest lenders into bargains for money

August 11, 2016
Total Views: 3

Monday, August 8, 2016
Maritime News

Collapse of Penny Stock Swiber Holdings Riles Singapore Oil Hub, Banks

By Kyunghee Park and Chanyaporn Chanjaroen (Bloomberg) — With a market value of S$50 million ($37 million), Swiber Holdings Ltd. hardly seemed the kind

August 8, 2016
Total Views: 62

Wednesday, August 3, 2016
Maritime News

Cruise Ships a Beacon for Germany’s KfW in Dire Shipping Market

By Nicholas Brautlecht (Bloomberg) — The call of the Caribbean is proving irresistible for Germany’s KfW IPEX, the development bank that funds the

August 3, 2016
Total Views: 104

Monday, July 11, 2016
Maritime News

Interest in RBS Greek Shipping Unit Cools After Brexit Vote

By Jonathan Saul and Andrew MacAskill LONDON, July 11 (Reuters) – Royal Bank of Scotland is facing setbacks over a proposed sale of its Greek ship

July 11, 2016
Total Views: 0

Wednesday, June 22, 2016
cargo ship
Maritime News

RBS Receives Bids for Greek Shipping Business, Sources Say

By Jonathan Saul, Sophie Sassard and Andrew MacAskill LONDON, June 22 (Reuters) – The Royal Bank of Scotland has received bids for its Greek ship finance

June 22, 2016
Total Views: 0

Tuesday, June 21, 2016
Maritime News

European Central Bank Hones In on Shipping Loans

By Andreas Kröner FRANKFURT, June 21 (Reuters) – The European Central Bank is taking a hard look at lenders’ ship financing portfolios amid a

June 21, 2016
Total Views: 9

Wednesday, June 15, 2016
DSME Shipyard South Korea

Korean Banks Holed Below the Waterline by Shipping Debt

By Christopher Langner (Bloomberg) — Now, the ship really has sailed. After kicking the can down the waterway for a few years, Korean banks will have to

June 15, 2016
Total Views: 2

Wednesday, June 8, 2016
south korean shipbuilding

South Korea Creates $9.5 Billion Fund for Banks Exposed to Shipyard Troubles

By Christine Kim and Joyce Lee SEOUL, June 8 (Reuters) – South Korea’s government and central bank will create an 11 trillion won ($9.50 billion)

June 8, 2016
Total Views: 6

Thursday, May 12, 2016
Maritime News

As Korean Shipyards Founder, Central Bank Dragged Into Rescue Bid

By Christine Kim SEOUL, May 12 (Reuters) – They are South Korea’s “too-big-to-fail” firms – the world’s largest

May 12, 2016
Total Views: 15