banking

Norwegian bank DNB has sold some of the debt it held against distressed shipping firm Genco Shipping and Trading Ltd, a bank spokesman said on

A group of Norwegian investors and Henning Oldendorff, chairman of the largest charterer of dry- bulk vessels, are forming a shipping bank that will start next

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

It was reported on gCaptain last week, DNB ASA and Nordea Bank AB, two of the world’s largest shipping lenders, are seeing signs of an end to the

July 25 (Bloomberg) — Nordea Bank AB and DNB ASA, two of the world’s largest shipping lenders, are seeing signs of an end to the maritime

Commerzbank on Wednesday sought to reassure investors that it is not selling assets in a value destructive manner in response to market speculation about a

DNB, one the world's largest lenders to the shipping industry has struggled with souring loans in the shipping

(Bloomberg) — Deutsche Bank AG and two other German lenders providing about 14 percent of credit to ship owners are forgoing seizing vessels even after

Banks will exert more control over the shipping industry this year as vessel values continue to decline, according to accounting firm Moore Stephens LLP.

Not to be outdone by their friends in Hong Kong, Los Angeles-based investment management firm, Oaktree Capital, and the Rickmers Group have joined forces

At the Marine Money Conference in New York City two weeks ago, Dr. David Zervos, Managing Director and Chief Market Strategist at Jefferies & Company gave

(Bloomberg) — HSH Nordbank AG’s main owners, the German federal states of Hamburg and Schleswig-Holstein, are willing to replenish the

FAL Oil Co., a United Arab Emirates-based energy trader that’s under U.S. financial restrictions for links to Iran, faces the forced sale of a fuel