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Shipping News

Iran Sanctions Breach Suspicion Prompts Bank to Seize Ships

By Saket Sundria, Serene Cheong and Dan Murtaugh (Bloomberg) –Reports alleging that fuel tankers appeared to breach U.S. sanctions against Iran were

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

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

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

Finance

NordLB Raises Loan-Loss Provisions as Shipping Crisis Persists

Norddeutsche Landesbank Girozentrale, one of the world’s top shipping lenders, increased loan-loss provisions by 2 percent in the third quarter as the

Finance

NordLB: The Darkest Hour of Shipping Has Passed

FRANKFURT, April 23 (Reuters) – NordLB’s, one of the world’s top ten ship financiers, expects the shipping industry to have passed its

Finance

German Lender NordLB Squeaks Out a Profit, However No End in Sight to Shipping Crisis

(Bloomberg) — Norddeutsche Landesbank Girozentrale, the world’s fifth-largest shipping lender, returned to profit in the third quarter after higher