Monday, August 5, 2019
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Maritime 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 cited in court filings by a bank as...

August 5, 2019
Total Views: 8

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 market that is chipping away at...

September 1, 2016
Total Views: 4

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 billion portfolio of...

August 22, 2016
Total Views: 2

Friday, February 14, 2014

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

Thursday, November 28, 2013

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 industry crisis entered its sixth year.

November 28, 2013
Total Views: 5

Tuesday, April 23, 2013

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 darkest hour, though provisions will remain high this...

April 23, 2013
Total Views: 1

Thursday, November 29, 2012

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 interest income offset a jump in loan losses. Net income advanced...

November 29, 2012
Total Views: 0