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: 3

Monday, October 30, 2017
euro
News

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: 0

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 the bank starts to gauge interest...

November 28, 2016
Total Views: 12

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 market that is chipping away at...

September 1, 2016
Total Views: 4

Friday, May 29, 2015
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 balance sheet.

May 29, 2015
Total Views: 1

Sunday, March 29, 2015
hsh nordbank
finance

Germany’s HSH Nordbank Must Use More State Guarantees Due to Dollar -Handelsblatt

HSH, one of the world's biggest players in ship finance, risked collapse in the crisis, and its state owners stepped in to offer 10 billion euros in guarantees to support the lender in 2009.

March 29, 2015
Total Views: 0

Tuesday, April 1, 2014
hsh nordbank
finance

HSH Nordbank Cuts Bad Ship Loans

FRANKFURT, April 1 (Reuters) – Ailing German public-sector lender HSH has cut its exposure to bad shipping loans by striking a debt restructuring deal involving the merger of debtor Ahrenkiel...

April 1, 2014
Total Views: 2

Wednesday, February 26, 2014
hsh nordbank
finance

German Shipping Bank HSH Needs More Aid

Troubled German public-sector bank HSH Nordbank will likely need more state aid than previously thought due to deep losses in shipping lending and back taxes, the bank's supervisory board chairman said.

February 26, 2014
Total Views: 2

Friday, February 14, 2014
nordlb
finance

NordLB Not Planning Merger With Shipping Sector Peer HSH Nordbank – CEO

BERLIN, Feb 14 (Reuters) – German public-sector lender NordLB is not planning a merger with peer HSH Nordbank, its Chief Executive said in reaction to comments from an HSH stakeholder...

February 14, 2014
Total Views: 3

Friday, January 31, 2014
hsh nordbank deutsche bank nordlb
finance

German Ship Lenders Brace For ECB Health Check

By Arno Schuetze and Andreas Kröner FRANKFURT, Jan 30 (Reuters) – As the European Central Bank prepares to test the resilience of the region’s lenders, few look as exposed as...

January 31, 2014
Total Views: 2

Wednesday, December 18, 2013
hsh nordbank
Maritime News

Navios Acquires 10 Ships from HSH Norbank Debtors, Additional Ships Possible

Navios Europe Inc. announced today they have acquired ten vessels from debtors of HSH Nordbank AG including five product tankers and five Panamax and sub-Panamax container vessels.  The deal was closed for...

December 18, 2013
Total Views: 2

Thursday, December 12, 2013
hsh nordbank
finance

HSH Nordbank New Lending Surges 30% as Moody’s Warns on Defaults

HSH Nordbank AG, the world’s largest shipping lender, said new loans to businesses surged about 30 percent this year, after Moody’s Investors Service warned of rising default risks in the maritime industry.

December 12, 2013
Total Views: 0

Tuesday, December 10, 2013
germany euro finance banking banks
finance

Moody’s Sees Bad Shipping Loans Increasing at German Banks

Germany’s top shipping lenders, including Commerzbank AG and HSH Nordbank AG, face rising credit default risks next year as banks come under increasing scrutiny from regulators, according to Moody’s Investors Service.

December 10, 2013
Total Views: 1

Monday, September 23, 2013
finance money investing
finance

Shipping Lenders Toughen Oversight After Worst Rout in 23 Years

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 years. Banks are threatening to...

September 23, 2013
Total Views: 3

Monday, April 22, 2013
Uncategorized

Navios Forms New Joint Venture, Acquires 10-Vessel Fleet

Navios Maritime Holdings Inc. and Navios Maritime Acquisition Corporation Through a New Joint Venture Agree to Acquire a Ten-Vessel Fleet From Debtors of HSH Nordbank AG PIRAEUS, GREECE — (Marketwired) — 04/22/13 — Navios Maritime...

April 22, 2013
Total Views: 1

Thursday, February 28, 2013
hsh nordbank deutsche bank nordlb
finance

German Banks With Upside-Down Ship Loans Forgo Seizing Vessels

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

February 28, 2013
Total Views: 0