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finance


Monday, November 28, 2016
HSH Nordbank Office
Finance

HSH Nordbank Starts Talks With Potential Buyers

(Bloomberg) HSH Nordbank AG will stick to its full-year outlook when it reports nine-months results next week, a crucial yardstick for potential investors as

November 28, 2016
Total Views: 46

havila-shipping-boat
Finance

Havila Shipping Fends Off Bankruptcy

by Luca Casiraghi (Bloomberg) Havila Shipping ASA avoided a potential bankruptcy filing, after bondholders accepted a debt-restructuring deal hours before a

November 28, 2016
Total Views: 64

Thursday, November 17, 2016
loaded containership
Maritime News

The Great Trump Shipping Stock Rally May Have Just Ended

US-listed shipping stocks ended their head-scratching post-election rally on Thursday with a major correction that saw some stocks fall more than 50% since

November 17, 2016
Total Views: 27

DryShips Unable to Explain 1500% Stock Price Surge
Maritime News

DryShips Unable to Explain 1500% Stock Price Surge

DryShips on Thursday said it has raised $20 million through a registered direct offering but otherwise cannot explain the meteoric rise in the price of its

November 17, 2016
Total Views: 89

Wednesday, November 16, 2016
Shipping Stock Rally Raises Interest (and Questions)
Interesting

Shipping Stock Rally Raises Interest (and Questions)

By Caroline Valetkevitch NEW YORK, Nov 16 (Reuters) – Shares of U.S. shipping companies shot higher again on Wednesday, tripping various volatility halts

November 16, 2016
Total Views: 100

Have Shipping Stocks Gotten Way Ahead of Themselves Since the Election?
Maritime News

Have Shipping Stocks Gotten Way Ahead of Themselves Since the Election?

By Julie Verhage (Bloomberg) — A 1,500 percent stock surge since Nov. 8? It’s possible in Trump’s America. DryShips Inc., which owns tankers

November 16, 2016
Total Views: 36

Friday, November 4, 2016
KKR’s Pillarstone Set to Snap Up Europe Shipping Loans After Appointing Industry Vet
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: 158

Thursday, September 1, 2016
NordLB office building hamburg
Uncategorized

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: 8

Wednesday, August 24, 2016
Oil and Gas Norway
Finance

Norway Companies Cut Offshore Investments

by Mikael Holter (Bloomberg) Oil and gas companies operating in Norway, western Europe’s biggest producer, cut investment forecasts further for this year and

August 24, 2016
Total Views: 51

Monday, August 22, 2016
NordLB office building hamburg
Finance

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

Tuesday, June 21, 2016
European Central Bank Hones In on Shipping Loans
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: 13

Monday, February 22, 2016
German Bank NordLB in Joint Venture to Advise on Restructuring of Bad Ship Loans
Maritime News

German Bank NordLB in Joint Venture to Advise on Restructuring of Bad Ship Loans

FRANKFURT, Feb 22 (Reuters) – German bank NordLB and two partners have formed a joint venture that will specialise in advising on the restructuring of

February 22, 2016
Total Views: 2

Tuesday, October 20, 2015
Singapore Offshore Vessel Owners Tap Alternatives to Scarce Bank Funding
Maritime News

Singapore Offshore Vessel Owners Tap Alternatives to Scarce Bank Funding

  By Rujun Shen SINGAPORE, Oct 20 (Reuters) – Offshore services firms in the Asian oil hub of Singapore are turning to higher-cost alternative

October 20, 2015
Total Views: 79

Wednesday, August 5, 2015
U.S. Investment Funds Target Italian Shipping Debt Deals
News

U.S. Investment Funds Target Italian Shipping Debt Deals

  By Pamela Barbaglia and Jonathan Saul LONDON, Aug 5 (Reuters) – Distressed debt investors are looking to buy shipping loans from Italian banks,

August 5, 2015
Total Views: 11

Friday, May 29, 2015
Bad Shipping Loans – HSH Nordbank to Ditch ‘Substantial Legacy Assets’
Maritime News

Bad Shipping Loans – HSH Nordbank to Ditch ‘Substantial Legacy Assets’

HSH Nordbank AG, the German lender suffering from bad shipping loans, said it’s seeking to cut “substantial legacy assets” to help return to a healthy

May 29, 2015
Total Views: 7

Sunday, May 10, 2015
Maritime News

Smart Investments in Shipping

At a recent shipping conference, we were asked to present on the topic of smart investments in shipping given the present phase of the business cycle. The

May 10, 2015
Total Views: 48

Friday, March 20, 2015
Photo: Star Bulk
Maritime News

Star Bulk Secures Financing for Newbuilds

Star Bulk Carriers Corp., the largest U.S. listed dry bulk company, said Friday it has secured up to $227.5 million in financing for seven newbuilds. With this

March 20, 2015
Total Views: 6

Wednesday, March 18, 2015
london gateway
News

DP World Holding Company Completes $1.2 Billion Loan, Sources Say

Port and Free Zone World (PFZW), the holding company for Dubai-based ports operator DP World, has closed a $1.2 billion loan deal, banking sources aware of the

March 18, 2015
Total Views: 27

Thursday, February 26, 2015
Berenberg in $1.1 Billion Shipping Push With New Debt Fund
Maritime News

Berenberg in $1.1 Billion Shipping Push With New Debt Fund

Joh. Berenberg Gossler & Co. KG will boost lending to the maritime industry by as much as 1 billion euros ($1.1 billion) through a new shipping fund for

February 26, 2015
Total Views: 35

Thursday, January 22, 2015
OSG independence overseas shipholding group
News

OSG Appoints New President and CEO

Overseas Shipholding Group, Inc. (NYSE MKT:OSGB) announced Thursday the appointment of Captain Ian T. Blackley as its new President and Chief Executive

January 22, 2015
Total Views: 47
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